LNG

The Pacific market has further pulled away this week against the Atlantic. 2-stroke 174kCBM tonnage continue to be short supply in the Asia region and the BLNG1-174 index rose by $11,000 at $87,800, while the BLNG1-160 saw an increase of $9,000 to $70,000.

Both the BLNG2-160 and BLNG174 moved up about $1,000-1,500 closing at $58,800 and $75,500 respectively for the trans-Atlantic movement. For the Houston-Japan BLNG3 trip the 174kCBM moved up $3,500 to $91,900 while the 160kCBM rose $1,100 to $74,400.

Period has remained quiet as well, with rates marginally improving. We published six-months at $101,700, one-year at $81,633 and the three-years at $84,200.

 

LPG

The quiet weeks continue overall for LPG, with rates falling a little again. Over in the MEG for BLPG1 Ras Tanura-Chiba a dip of $5.75 gave a final Baltic assessment price of $40.917 following a couple of fixtures reported at the $40 level. At this mark the daily Baltic TCE earning equivalent is at $20,717.

The Atlantic market held resolute this week despite only 3-4 fixtures being reported, rates remained for the most part flat. For BLPG2 Houston-Flushing, despite flirting with $50 mid-week the index closed at $49.75 where it opened the week and a daily TCE earning of $44,485. The BLPG3 Houston-Chiba dropped $0.584 and a close of $89.833 and a TCE earning of $27,702. September dates now being fixed will probably have many looking forward to what next week will bring.