LNG

The LNG spot market remained relatively stable this week, with limited fresh enquiry across both basins balanced by a similarly tight vessel list. This equilibrium kept rates largely stable, with only minor movements recorded.

On the BLNG1 Australia–Japan route, 174k cbm vessels eased $4,800 week-on-week to settle at $74,400/day, reflecting slightly softer Pacific sentiment.

The BLNG2 US Gulf–Continent route edged up modestly, rising $600 to $90,800/day. Similarly, the BLNG3 US Gulf–Japan route slipped $3,000 to $103,000/day.

In the time charter market, period rates showed mixed movement. The six-month rate fell $5,000 to $94,600/day, while the one-year term remained flat at $82,167/day. Further out the curve, the three-year period slipped $800 to $80,900/day, reflecting a broadly steady but slightly softer forward outlook.

LPG

The LPG market strengthened this week, with sentiment in the US Gulf remaining very firm amid limited vessel availability and continued chartering interest. Tight conditions in the Atlantic basin drove rates higher across the key routes.

On the BLPG1 Ras Tanura–Chiba route, rates were assessed at $133.00, with TCE earnings at $113,405/day.

The BLPG2 Houston–Flushing route firmed over the week, rising $4.50 to $98.25, with TCE earnings increasing $9,083 to $95,751/day.

Similarly, the BLPG3 Houston–Chiba route climbed $14.67 to $183.67, with TCE returns jumping $14,978 to $88,225/day, reflecting the strong underlying demand and tight vessel supply in the US Gulf.