Day-rates Rise! BP to Lease LNG Tanker for 9 Months

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BP Shipping on Thursday notified that the liquefied natural gas (LNG) market of its interest in leasing the British Ruby or its sister vessel for a minimum of nine months from Dec-Q1 2019, according to a note seen by Reuters.

** BP invites expressions of interest for the LNG tanker by Friday.

** LNG charter day-rates are at multi-year peaks amid growing incentives to divert Atlantic-produced supply east as major consumers led by China ramp up imports, lengthening ship journey times and tightening availability of vessels.

** Daily charter rates in the Atlantic reached $85,000 (64,821.2 pounds) compared to $65,000 (49,569.1 pounds) in the preceding week.

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Source: Reuters