Contango price

July LNG Floating Storage Boosted by Wider Price Contango & High Inventories

  • Steady rise of floating LNG carriers with over 25 LNG ships in the week starting July 12. 
  • Traders and portfolio participants take advantage of widening LNG contango market structure.
  • The September-October JKM Derivatives contango structure was assessed at 62.5 cents/MMBtu on July 14 with spot charter rates around $30,000/d.
  • Contracted LNG volumes sellers provided operational flexibility to their term buyers grappling with high inventories.
  • End-users in Japan, South Korea and China experienced...

https://mfame.guru/july-lng-floating-storage-boosted-by-wider-price-contango-high-inventories/

Charterers Turn To Tanker Floating Options for Cargo Storage!

  • Charterers have shown renewed interest in floating storage for oil products in Europe, as freight rates have fallen significantly since April.
  • Charterers look to have storage as an option probably want flexibility in case floating storage economics become viable.
  • Storage plays could be profitable for charterers, depending on how much risk can be mitigated.

Charterers have shown renewed interest in floating storage for oil products in Europe, as freight rates have fallen significantly since...

https://mfame.guru/charterers-turn-to-tanker-floating-options-for-cargo-storage/