- LNG rates increased across both the Pacific and Atlantic basins, with significant gains on key routes and upward movement in time charter markets.
- VLGC rates in the LPG sector saw a strong increase, particularly in the Middle East Gulf (MEG), with a 20% rise in Baltic TCE earnings week-on-week.
- The Atlantic LPG market also strengthened, with Houston-based routes recording modest to notable gains.
LNG Market Trends
The LNG market continued its upward trajectory this week, with freight rates rising across both the Pacific and Atlantic regions.
On the BLNG1 Gladstone–Tokyo route, rates for 174k cbm vessels increased by $7,100 to $27,900 per day, while 160k cbm vessels rose $6,200, settling at $18,400 per day.
In the Atlantic Basin, the BLNG2 Sabine–UK Continent route also saw gains, with 174k cbm vessels climbing $4,600 to $30,200 per day, reflecting stronger European demand. Meanwhile, 160k cbm vessels edged up by $1,400, reaching $15,200 per day.
The BLNG3 Sabine–Tokyo route maintained positive momentum, with 174k cbm vessels increasing $6,750 to $34,450 per day, while 160k cbm vessels gained $1,800, reaching $17,200 per day.
The time charter market also strengthened, with 6-month rates up $11,350 to $28,500 per day, 12-month rates rising $6,425 to $30,000 per day, and 3-year rates climbing $5,300 to $53,500 per day.
LPG Market Trends
The VLGC sector experienced a firming trend, particularly in the Middle East Gulf (MEG).
On the BLPG1 Ras Tanura–Chiba route, rates increased by $6.828, bringing the final Baltic assessment to $60.333. At this level, daily Baltic TCE earnings surged 20% week-on-week, reaching $44,325 (+$7,538).
The Atlantic LPG market also gained traction toward the end of the week. The BLPG2 Houston–Flushing route saw a modest $2.125 rise, closing at $55.625, with daily TCE earnings at $54,943. Meanwhile, the BLPG3 Houston–Chiba route rose $4.084, closing at $108.917, with TCE earnings at $42,256.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Baltic Exchange
