LNG

This week, the LNG market experienced a decline, with most routes seeing a drop in rates.

On the BLNG1 Gladstone–Tokyo route, 174k cbm vessels gained $400, reaching $27,900 per day, while 160k cbm vessels declined by $600, settling at $17,800 per day.

In the Atlantic, the BLNG2 Sabine–UK Continent route saw a $2,500 drop for 174k cbm vessels, closing at $28,000 per day, with 160k cbm vessels also falling by $1,200 to $14,000 per day. The BLNG3 Sabine–Tokyo route posted similar declines, with 174k cbm vessels down $1,700 to $31,400 per day, while 160k cbm vessels dropped by $800, settling at $15,800 per day.

In the period market, six-month and one-year rates saw a slight increase. Six-month charters rose by $100 to $28,600 per day, while one-year rates jumped $3,750 to $33,750 per day. Meanwhile, three-year rates remained unchanged at $53,500 per day.

 

LPG

The LPG market saw a downward correction this week, with rates declining across all routes, reversing last week's positive momentum.

On the BLPG1 Ras Tanura–Chiba route, rates fell by $4.58 to $57.58, while TCE earnings dropped by $5,467, settling at $40,626 per day. This decline reflects weaker sentiment in the Middle East market, due to increasing vessel availability and lack of volumes.

In the Atlantic basin, the BLPG2 Houston–Flushing route also saw a softening trend, with rates decreasing by $2.00, closing at $54.00, while TCE earnings declined by $3,254, settling at $52,012 per day.

The BLPG3 Houston–Chiba route experienced the sharpest decline, with rates falling by $5.83 to $103.67, while TCE earnings dropped by $4,978, closing at $37,447 per day. This suggests a cooling in the long-haul market, potentially due to reduced arbitrage opportunities.