LNG and LPG Shipping Market on the Rise
LNG LNG carrier rates strengthened throughout the week, with all three Baltic LNG benchmark routes ending higher as improving chartering activity and seasonal demand expectations supported sentiment. The strongest gains were recorded on the US Gulf export routes, reflecting firmer freight demand and tightening vessel availability. BLNG1 increased from $28,050/day at the start of the ...
LNG and LPG shipping market trends have been on an upward trajectory this week. The Baltic exchange reported a strengthening in LNG carrier rates across various benchmark routes, with notable gains on the US Gulf export routes. This surge was attributed to improving chartering activity and seasonal demand expectations. The strongest rate increase was seen on the BLNG3 route, which jumped from $51,900/day to $66,000/day.
Similarly, LPG freight rates experienced a notable boost, especially in the US Gulf, as available tonnage thinned out. The BLPG1 Ras Tanura–Chiba route maintained its rate at $242, while BLPG2 and BLPG3 routes also saw an increase, with corresponding Terminal Cost of Energy (TCE) returns rising. The market sentiment appears to be improving, particularly in the Atlantic Basin, as Europe and Asia vie for LNG supplies ahead of the heating season.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
