- Atlantic Shortage Supports Upward Momentum in LNG Rates.
- BLNG Routes Record Strong Weekly Gains on Limited Tonnage.
- Time Charter Rates Mixed with Short-Term Strength and Long-Term Balance.
The LNG market has been on the rise this week, buoyed by a continued shortage of available vessels and steady demand across both the Atlantic and Pacific regions. The limited number of ships in the Atlantic has played a key role in maintaining this upward trend, reports Baltic Exchange.
BLNG Routes Show Broad Gains
On the BLNG1 Australia–Japan route, 174k cbm vessels saw an increase of $2,400, bringing their daily rate to $45,400. Meanwhile, 160k cbm ships gained $1,900, now sitting at $28,800 per day, as tightening prompt positions kept the mood optimistic. The BLNG2 US Gulf–Continent route experienced a more significant boost, with 174k cbm rates climbing by $6,400 to reach $67,100 per day, and 160k cbm tonnage rising by $4,600 to $44,900 per day, thanks to limited vessel availability. Similarly, the BLNG3 US Gulf–Japan route also saw gains, with 174k cbm carriers up $4,800 to $71,700 per day and 160k cbm vessels increasing by $3,400 to $46,400 per day.
Time Charter Market Mixed
The time charter market presented a mixed bag. The six-month rate increased by $1,700 to $33,150 per day, while the one-year rate dipped by $400 to $33,750 per day, and the three-year term softened by $1,750 to $51,500 per day, reflecting a more balanced long-term outlook.
LPG Market Extends Gains
The LPG market also showed strength this week, driven by tightening vessel availability across various regions and steady fixing activity in the West. Although inquiries in the East slowed a bit, the overall sentiment remained positive as we move further into November.
BLPG Routes Continue Uptrend
On the BLPG1 Ras Tanura–Chiba route, rates rose by $10.00 to $70.83 per metric tonne, with TCE earnings increasing by $11,151 to $57,968 per day. The BLPG2 Houston–Flushing route saw an uptick of $5.75 to $72.50 per metric tonne, boosting daily returns by $8,568 to $79,514 per day. Meanwhile, the BLPG3 Houston–Chiba route climbed by $8.75 to $133.92 per metric tonne, with
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Source: Baltic Exchange
