SHIPPING costs for liquefied natural gas (LNG) have dropped to their lowest levels in five years as an influx of newbuilds outpaces demand, while shorter average journey times increase vessel availability, reports Reuters. Atlantic freight rates for vessels with two-stroke engines capable of carrying 174,000 cubic metres of LNG-the most common type in the market-stood at US$4,250 per day, according to pricing agency Spark Commodities. Soon after, rates had plunged to $3,500 per day, marking the...
https://www.seanews.com.tr/lng-rates-plunge-as-vessel-availability-increases/202802/