LNG

The LNG market in the Pacific backed off early in the week and is now in recovery mode, while the Atlantic has steadily strengthened since last Friday for both the 160kCBMs and the 174kCBMs.

BLNG1 Aus-Japan on the 174kCBMs fell by almost $3,500/day from $51,500/day and then rose to $48,750/day while the 160kCBMs fell from $42,500/day to just over $35,300/day.

BLNG2 Houston-Cont has climbed $10,000/day on the 160kCBMs to currently be priced at $62,500/day. Meanwhile the 174kCBM rose by $13,820 to be priced today at $78,220/day.

BLNG3 Houston-Japan saw a rise of $7,600 per to $70,100/day on the 160kCBMs whilst the 174kCBM has almost doubled that increase, rising from $71,815/day to $86,758/day as is becomes apparent that many owners/operators cannot offer the period required to perform the voyage due to scheduling issues.

Period remains a point of interest and the six-month finished up $1,300 at $99,600 while the one-year term hovered around the $85,000/day mark. The three-year terms remain steady at around $84,000/day.

 

LPG

There was little movement in the market for the LPG sector this week, with both the MEG and Atlantic spheres remaining relatively flat. In the MEG BLPG1 remains around the $64-65,000 per tonne region calculated as a daily TCE of a little over $45,000 basis the Baltic Exchange vessel description.

For the BLPG2 and BLPG3 the situation was slightly different insofar as the Houston-Flushing route improved from $66.00 to $68.80 per tonne, and the trip Houston-Chiba improved from a little over $117.143 to $121.714 per metric tonne giving a TCE of $70,090 and $51,473 per day, respectively.