LNG

The LNG market softened this week, with declines in the Atlantic basin, while the Pacific market remained relatively stable.

On the BLNG1 Gladstone–Tokyo route, 174k cbm vessels edged up by $200, reaching $27,300 per day, while 160k cbm vessels fell $400, closing at $17,400 per day. The slight gain in larger vessel rates suggests a steady demand outlook in the Pacific.

In the Atlantic, rates continued to drop across key routes. The BLNG2 Sabine–UK Continent route saw a sharp $2,100 decline for 174k cbm vessels, settling at $23,300 per day, while 160k cbm vessels dropped by $800 to $12,600 per day. The BLNG3 Sabine–Tokyo route followed a similar trend, with 174k cbm vessels falling $900 to $28,900 per day, and 160k cbm vessels sliding $1,000 to $14,800 per day.

The period market also saw downward pressure. Six-month charters decreased $350 at $28,250 per day, while one-year rates dipped $825 at $32,925 per day. finally, three-year time charters declined by $150 to $53,350 per day, signalling slight caution among long-term charterers.

 

LPG

The LPG market maintained its positive momentum this week, with rates rising across key routes.

On the BLPG1 Ras Tanura–Chiba route, rates climbed by $4.58, reaching $59.17, while TCE earnings increased by $4,482, closing at $41,720. This steady rise highlights ongoing demand strength in the far East.

In the Atlantic, the BLPG2 Houston–Flushing route gained $4.38, settling at $58.75, with TCE earnings jumping $5,530 to $58,092, reflecting firm chartering activity.

Meanwhile, the BLPG3 Houston–Chiba route saw a moderate increase of $3.17, reaching $108.17. TCE earnings edged up by $1,783, closing at $40,275, suggesting a more balanced market dynamic in the long-haul segment.