LNG

The LNG market experienced a mixed week, with last week’s improving sentiment failing to translate into a sustained recovery in spot earnings. The Pacific market proved more resilient, supported by stronger demand and a relatively tighter vessel list.

On the BLNG1 Australia–Japan route, rates increased by $1,300 week-on-week to settle at $37,700/day. The Pacific market showed some support from emerging cargo requirements, although ample vessel availability continued to cap stronger gains.

The BLNG2 US Gulf–Continent route fell by $8,000 to close at $28,600/day. Atlantic fundamentals softened during the week as charterers adopted a more cautious approach, with healthy vessel availability allowing rates to come under pressure.

Similarly, the BLNG3 US Gulf–Japan route declined by $6,300 week-on-week to settle at $59,100/day, reflecting the same market pressures seen on the BLNG2 route.

In the time charter market, sentiment was mixed. The six-month rate increased by $5,400 to $47,900/day, supported by renewed interest in multi-month coverage. However, the one-year period rate declined by $2,800 to $52,367/day, while the three-year assessment eased by $2,700 to $70,300/day as longer-term chartering demand remained subdued.

LPG

The LPG market remained firm this week despite a relatively quiet start, with a limited number of fixtures concluded. Vessel availability remained tight throughout the week. Activity picked up towards the end of the period, with additional cargoes entering the market and being quoted.

On the BLPG1 Ras Tanura–Chiba route, rates settled at $245.20, with TCE earnings closing at $237,952/day.

The BLPG2 Houston–Flushing route declined by $4.00 week-on-week to settle at $172.50, with TCE earnings falling by $4,149 to $201,940/day.

Similarly, the BLPG3 Houston–Chiba route fell $4.14 to close at $321.86, while TCE returns decreased by $2,426 to $197,764/day. Despite the modest decline, the route remained supported by limited vessel availability.