LNG

The LNG market remained relatively quiet this week, with freight and cargo availability largely balanced across both basins.

On the BLNG1 Australia–Japan route, rates increased by $900 week-on-week to settle at $75,100/day.

The BLNG2 US Gulf–Continent route was unchanged week-on-week, closing at $96,100/day. Rates saw some strength in the middle of the week before easing back towards Friday, reflecting a market that remains broadly balanced despite occasional pockets of activity.

Similarly, the BLNG3 US Gulf–Japan route posted the strongest gain of the week, rising $5,100 to settle at $110,000/day. The route benefited from a slightly tighter Atlantic vessel list, although overall market sentiment remained measured.

In the time-charter market, the six-month rate increased by $2,900 to $88,100/day, while the one-year term rose by $2,967 to $77,667/day. Further out the curve, the three-year period edged lower by $200 to $76,300/day, indicating that longer-term market expectations remain largely unchanged.

LPG

The LPG market continued its upward momentum this week, with fixing activity remaining strong across the VLGC sector. A tightening position list with several uncovered cargoes provided further support to sentiment.

On the BLPG1 Ras Tanura–Chiba route, rates settled at $247.50, with TCE earnings closing at $243,593/day.

The BLPG2 Houston–Flushing route rose $13.00 week-on-week to settle at $132.75, with TCE earnings increasing by $15,028 to $147,081/day.

Similarly, the BLPG3 Houston–Chiba route gained $25.67 to finish the week at $246.83, while TCE returns increased by $15,871 to $141,213/day. Rates strengthened as healthy fixing activity persists and the tightening tonnage list continues to provide upward pressure.