LNG bunker price rally amplifies freight gains for LNG-fuelled clean tankers
Rising LNG bunker prices pushed LNG-fueled clean tanker freight rates above conventional rates Sept. 7-11, highlighting the bunker-price sensitivity that alternative-fueled ships face. Platts LNG-fueled Clean tanker freight represents the estimated cost of transporting cargo on a tanker using LNG as primary fuel, with the freight calculation reflecting prevailing LNG bunker prices. As LNG bunker…
Rising LNG bunker prices have led to LNG-fueled clean tanker freight rates surpassing conventional rates, as reported by Hellenic Shipping News. The analysis, conducted by Platts, shows that the fuel cost of operating the ship directly affects voyage economics and that LNG-equivalent freight has risen significantly on specific routes.
The divergence was most pronounced on Persian Gulf-Japan routes, with LNG-equivalent freight increasing by about 33%, compared to a 25% increase in conventional freight. This heightened sensitivity to bunker-price movements can materially change voyage economics for owners and charterers evaluating alternative-fueled tonnage.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
