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Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Understand more about LNG freight rates and why Argus Round Voyage rates are the benchmark that the market needs. These cookies do not store any personal information. London shipbroker gives April overview of the current charter challenges in LNG market. window.googletag = window.googletag || {cmd: []}; 74-89% of retail investor accounts lose money. LNG freight rates | Argus Media Global LNG liquefaction capacity is set to expand by over 36%. "LNG carriers are shooting for the stars. googletag.pubads().enableSingleRequest(); We may send you informational emails, but you can unsubscribe at any time. "Winter is clearly still expected to be very strong and the . The broker also reported that a modern . This was . Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. , said traders. Get our answers to the most frequently asked questions, including how we assess freight rates and why a day rate is the right choice for a benchmark. Request a trial of LNG Insight to unlock this and other subscriber-only content. Flex LNG - First Quarter 2022 Earnings Release - FLEX LNG You are attempting to access a subscriber-only content area. Spot rates for transporting 160,000 cubic meters of LNG in the Atlantic Basin is $100,000 per day, and $85,000 per day for Asia, or the East-of-Suez, cargoes, said Poten's head of business. LNG contracts and LNG spot and short-term trading Name: Infocus International Website: . In 2022 global production is forecasted to increase between 63 and 300 TWh (1.2 to 5.5%) from 2021.. According to Mrkedal, Brokers note that charterers and holding onto tonnage instead of subletting due to the exceptionally high cargo profits, which makes the optionality of having a vessel ready more lucrative than subletting the vessel in the spot market., Meanwhile, more ship capacity is getting tied up with floating storage. Rates for Capesize bulkers reportedly surpassed $200,000 per day in June 2008. LNG spot charter rates more than tripled since the start of September, to hit over $300,000/day in the Atlantic basin and over $250,000 in the Pacific. The leading economics blog online covering financial issues, geopolitics and trading. Spot charter rates for TFDE carriers reached an unprecedented USD 350,000/day in the second week of January 2021 due to a shortage of LNG carriers. Paying a million a day may sound crazy. September 23, 2022 . "Shipowners enjoy good charter rates," Kim said. googletag.pubads().enableSingleRequest(); 7. He put one-year time-charter rates for MEGI LNG vessels at around $170,000 per day, three-year rates at around $140,000 and five-year rates at $110,000.