LNG

The LNG market remained quiet this week, with limited cargo liquidity and a broadly balanced freight outlook. With few new requirements entering the market, rates softened across the Atlantic basin while the Pacific market remained relatively stable.

On the BLNG1 Australia–Japan route, rates increased by $500 week-on-week to settle at $75,400/day. The Pacific market remained largely unchanged throughout the week, with balanced vessel availability and cargo liquidity keeping rates relatively steady.

The BLNG2 US Gulf–Continent route declined by $13,800 to close at $78,500/day. The market trended lower through the week as a lack of activity weighed on sentiment.

Similarly, the BLNG3 US Gulf–Japan route fell $18,200 week-on-week to settle at $84,800/day. The route saw the largest correction of the three assessments.

In the timecharter market, the six-month rate increased by $400 to $83,500/day, while the one-year term declined by $1,433 to $68,667/day. Meanwhile, the three-year period strengthened by $5,800 to $76,800/day.

LPG

The LPG market was quieter this week, with limited fixing activity and fewer fresh cargoes entering the market. As a result, freight rates softened across the Atlantic routes as sentiment eased.

On the BLPG1 Ras Tanura–Chiba route, rates settled at $213.00, with TCE earnings closing at $202,464/day.

The BLPG2 Houston–Flushing route declined by $4.00 week-on-week to settle at $161.00, with TCE earnings falling by $4,818 to $186,798/day. Limited activity throughout the week resulted in a gradual softening of rates.

Similarly, the BLPG3 Houston–Chiba route fell $26.00 to close at $269.00, while TCE returns decreased by $19,857 to $156,417/day. The route saw the larger decline of the two Atlantic assessments amid reduced cargo demand and quieter market conditions.