LNG Shipping Subdued Last Week<\/p>\n
The LNG spot market saw a quiet week, with limited activity particularly at the start of the week. Overall, the market appears relatively balanced between available cargoes and open tonnage, resulting in sideways trading across most routes.<\/p>\n
On the BLNG1 Australia\u2013Japan route, rates edged down slightly over the week, declining by $400 to settle at $73,300\/day.<\/p>\n
The BLNG2 US Gulf\u2013Continent route gained $1,600 week-on-week to close at $104,400\/day, supported by improving sentiment in the Atlantic basin as the week progressed.<\/p>\n
Similarly, the BLNG3 US Gulf\u2013Japan route strengthened, rising by $1,600 to finish at $116,400\/day, reflecting steadier demand towards the end of the week.<\/p>\n
In the time charter market, sentiment was mixed. The six-month rate increased by $5,000 to $95,000\/day, while the one-year rate edged down by $567 to $80,433\/day. The three-year rate also softened, declining by $2,000 to $78,000\/day.<\/p>\n
The LPG market was relatively subdued this week, with very limited activity reported in the US Gulf and little change in overall sentiment. Despite the quieter conditions, rates held firm with slight upward movements across the main routes.<\/p>\n
On the BLPG1 Ras Tanura\u2013Chiba route, rates edged up $2.25 to settle at $171.25, with TCE earnings increasing $1,737 to $160,736\/day.<\/p>\n
The BLPG2 Houston\u2013Flushing route also saw a modest increase, rising $1.00 to $126.25, with TCE earnings up $1,760 to $137,526\/day.<\/p>\n
Similarly, the BLPG3 Houston\u2013Chiba route firmed slightly, gaining $0.33 to $230.33, with TCE returns increasing $1,204 to $130,557\/day, reflecting stable underlying fundamentals despite the quieter trading environment.<\/p>\n
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