LNG

The LNG market has had a softer feel to it this week. On the BLNG1 Australia–Japan route, rates have eased by $4,000/day week-on-week to settle at $71,000/day.

The BLNG2 US Gulf–Continent route marginally moved downwards from $90,100/day last Friday to $89,000/day today. The BLNG3 US Gulf–Japan route declined from $99,200 last Friday to $95,900/day today. In the time-charter market both the 6 months and 3-year period remained unchanged at $99,900/day and $78,900/day, respectively. For the one-year term, most panellists felt it was softer, falling over $2,000/day to $75,467/day.

LPG

The LPG freight market saw a rebound in rates this week with a modest flurry of activity in the USG towards the end of the week. On the BLPG1 Ras Tanura–Chiba route, rates settled end of the week at $262.50, with TCE earnings closing at $264,164/day. The BLPG2 Houston–Flushing route improved $15.25 to settle at $106.50, with TCE earnings climbing by $20,773 to $114,354/day. Following BLPG3 fixing.

The BLPG3 Houston–Chiba route moved back up, adding $28.66 to close at $191.83, while TCE returns rose by $23,440 to $101,534/day. The route saw a notable jump in rates end of the week, reflecting the influx of charters that came during the week.