Time Charterparty Agreements for LNG Carriers

Flex LNG, Ltd. (“Flex LNG” or the “Company”) (OSE/NYSE: FLNG) announced today it has entered into time charterparty agreements with Cheniere Marketing International (“Cheniere”) for four LNG carriers with the option for a fifth LNG carrier, reports finance yahoo.

Newbuild Flex Vigilant

Under the agreements, Flex LNG will employ newbuild Flex Vigilant which will be delivered to Cheniere ex-yard in May 2021. In addition, Flex LNG will deliver two of its existing LNG carriers to Cheniere during the...

https://mfame.guru/time-charterparty-agreements-for-lng-carriers/

New world record set for shipping rates: $350,000 per day

LNG shipping rate ship

It has never been more expensive to get a container of goods across the ocean. But it’s not just containers. Liquified natural gas (LNG) shipping is also rewriting the record books.

Argus reported that BP has just employed the ship LNG Abalamabie for $350,000 per day. That makes it the most expensive vessel charter in maritime history, surpassing the $300,000-per-day peak previously recorded in the very large crude carrier (VLCC) segment.

What’s different about the LNG record — compared to...

https://www.freightwaves.com/news/new-world-record-set-for-shipping-rates-350000-per-day

LNG shipping rates just hit $125,000 per day

LNG ship

Tankers carrying crude oil and refined products are wallowing below cash-breakeven. Their near-term prospects are grim. In contrast, spot rates for tankers carrying liquefied natural gas (LNG) are now highly profitable, with some vessels earning $125,000 per day.

“The gains have become more significant over the past couple of weeks, and current rates are a stark improvement from [rates] seen this past summer,” said Clarksons Platou Securities on Monday.

Fearnleys Securities described last week’s...

https://www.freightwaves.com/news/lng-shipping-rates-just-hit-125000-per-day