On Sept. 26, Pareto analyst Eirik Haavaldsen predicted that liquefied natural gas shipping rates could top $1 million per day in the fourth quarter. At least some deals are already halfway there, according to a report on Monday.
Paying a million a day may sound crazy. But it all comes down to the profit a shipper can make on a cargo. If a shipper can make $200 million in profits moving a single shipload of LNG, it will pay six figures a day in freight. Or if Pareto is right, seven.
New high for...
https://www.freightwaves.com/news/lng-shipping-rates-shooting-for-the-stars-at-500000-per-day