scramble to source gas from ever further distances has pushed the LNG shipping
sector to new extraordinary highs.
spot rates for a 174,000 cu m two-stroke vessel surged by 36% week-on-week to a
new record high of $297,500 a day, as of late on Friday, 23 Sep according to
Positioning fees are now being
included in negotiations and fixtures, driving up round-trip rates with
both the Atlantic and Pacific basins reporting a frenzy of fixtures.
“LNG carrier rates continue to see
strong upwards momentum due to a very tight ship available list,” a recent report from Jefferies
observed, adding that the sector had benefited from strong demand out of both
Europe and Asia for US-origin cargoes.
to a recent post on LinkedIn from OysteinKalleklev, the CEO of Flex LNG, demand
in Europe, Japan, South Korea, Taiwan and Thailand is expected to increase by a
total of 46.6m tonnes this year with Europe accounting for 85% of this increase
as the continent weans itself off Russian pipeline deliveries.
.“LNG term rates have risen to multi-year
highs and with a European push towards energy security we now project trade
in 2030 of 630m tonnes versus last year’s 380m tonnes,” a new report from
Clarksons Research forecast, helping explain today’s extraordinarily large LNG
newbuildorderbook, which now stands above 40% of the extant fleet.