LNG

A very quiet week for the LNG spot market, there was little movement in the indexes across all three routes with BLNG2 on the 160cbm moving only $41. The LNG world was not void of cargo discussions, and there were tentative talks going on but with the FOB cargoes out there seeing very little interest these for the most part dissipated.

The BLNG1 Aus-Japan index was flat with the 174cbm losing only $654 to a close of $45,906 while the 160cbm ships gained $1,478 to a close of $35,395. BLNG2 Houston-Continent moved little on the 160cbm adding only $41 to give a close of $32,280 while the 174cbm fell slightly to $42,244. BLNG3 Houston-Japan had some interest from cargoes but this did little to shift the numbers where the 174cbm fell by $511 to a close of $48,887 while the 160cbm gained $689 to a close of $38,347. The deltas between the two ship sizes have narrowed and we see between $10,000 and $13,000 now.

Period was quiet with only the 1-year term gaining $167 to $79,667 as the change, the 6-month remained unchanged at $74,600 while 3-year remained at $83,100.

 

LPG

There has been a continuation of the rise seen recently in BLPG1 Ras Tanura-Chiba as we close the week out again up. A rise of $9.428 gave a final price of $79.714 and a daily TCE Earning of $61,286 bolstered by some fixing and delays. As many owners look to a highly priced West market the tonnage is thinner and with cargoes still working there is hope that rates shall remain on firm footing. Some middle eastern acceptances expected over the end of the week/weekend should add some more fuel to the fire as well.

In the Atlantic rates were moving positively and BLPG3 Houston-Chiba saw a $7.0 rise and a close price of $140.286 with a daily TCE earning equivalent of $65,805. Continued delays in the Panama Canal and reports of slots being auctioned again at high prices are helping the market move up. BLPG2 though quiet as seen a positive shift gaining $6.4 on the week and a close price of $77.8 with a daily TCE earning of $83,241.