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LNG Shipping Market Softer, But LPGs On the Rise Again

The LNG market softened this week, despite an increase in spot, multi-month and longer-term requirements entering the market. While activity picked up compared to recent weeks, vessel availability continues to outweigh cargo demand, keeping pressure on freight rates across both basins. On the BLNG1 Australia–Japan route, rates declined by $2,300 week-on-week to settle at $34,600/day. ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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