LNG

The LNG market saw a relatively subdued week overall due to market participants being in Posidonia. Activity appeared steady, with values largely holding within narrow ranges before softening slightly towards the end of the week.

On BLNG1 Australia–Japan rates edged higher over the course of the week, gaining $600 to settle at $78,400/day. The route saw a gradual firming through the midweek, peaking on Thursday, before easing slightly into Friday, suggesting some underlying support.

BLNG2 US Gulf–Continent remained largely rangebound through the first half of the week. The route decreased $2,000 week-on-week at $103,000/day, reflecting softer sentiment as the week progressed.

Similarly, BLNG3 US Gulf–Japan maintained early-week stability at $120,000/day before coming under pressure from Thursday onwards. The route posted the largest weekly decline, falling $3,400 to settle at $116,600/day.

On the period side, 6-month time charter increased by $1,700 to $99,800/day. While the 12-month assessment edged slightly lower by $200 to $80,100/day, and 3-year time charter gaining $1,900 to reach $79,900/day.

LPG

The week proved relatively static overall, with Posidonia drawing participants away from the market and limiting visible fixture activity. As a result, sentiment was broadly steady and rate movement remained fairly muted across the majority of routes.

BLPG1 Ras Tanura–Chiba route ended on $209.50, with the corresponding TCE settling on $199,721.

BLPG2 Houston–Flushing moved in the opposite direction, slipping $2.00 week-on-week to close at $155.00, while TCE fell $3,875 to $178,594. The route softened through the early part of the week before recovering some ground, though overall momentum remained subdued amid the lack of fresh enquiry on BLPG3.

BLPG3 Houston–Chiba finished lower, falling $7.83 on the week to $277.50, with TCE declining $7,244 to $164,441. After easing from Monday’s levels, the route saw some midweek support, but this was not enough to reverse the broader softer trend by the end of the week.