LNG

The LNG market had a mixed week, with both downward and upward trends observed across various routes and vessel types.

On the BLNG1 Gladstone–Tokyo route for 174k cbm vessels, there was a positive shift, with rates rising by $600 to reach $11,000 per day. In contrast, 160k cbm vessels saw a $400 decline, closing at $5,200 per day.

In the Atlantic, on the BLNG2 Sabine–UK Continent route, 174k cbm vessel rates saw an $800 increase, closing at $4,800 per day. Meanwhile, 160k cbm vessels also saw positive movement, with rates rising by $400 to $1,100 per day. On the BLNG3 Sabine–Tokyo route, 174k cbm vessels saw a $600 drop, settling at $8,600 per day. Conversely, 160k cbm vessels increased by $200, closing at $2,400 per day.

The term market also saw additional rate decreases. Six-month rates fell by $650, settling at $15,350. One-year rates dropped by $2,350, closing at $23,400, while three-year rates saw a smaller reduction of $50, closing at $45,950. These declines are likely to persist if sentiment in the spot market does not improve.


LPG

This week, the LPG market continued to face downward pressure across all key routes, largely driven by an oversupply of vessels, although some resistance remains depending on the laycan.

On the BLPG1 Ras Tanura to Chiba route, rates dropped by $1.94, settling at $45.06, while TCE earnings fell by $2,068 to $25,343.

In the Atlantic, BLPG2 Houston–Flushing and BLPG3 Houston–Chiba also saw declines. BLPG2 decreased by $0.50, closing at $47.25, with TCE earnings falling by $1,379 to $40,511. BLPG3 saw a slight decrease of $0.08, with the final rate closing at $90.75 and TCE earnings slipping by $301 to $26,086.

These declines suggest that market pressure is continuing, and it will be important to monitor whether further downward movement continues in the coming weeks.