LNG

This week, the LNG market saw strong positive movements, particularly in the Atlantic basin, with significant increases across key routes for both 160k cbm and 174k cbm vessels, primarily driven by tighter available tonnage.

On the BLNG1 Gladstone–Tokyo route, 174k cbm vessels experienced an increase of $4,400, settling at $15,300 per day, signalling positive momentum in the Pacific. Meanwhile, 160k cbm vessels saw a rise of $3,200, reaching $8,600 per day, showing a recovery for smaller tonnage as well.

 In the Atlantic, the BLNG2 Sabine–UK Continent route saw 174k cbm vessels surge by $10,800, closing at $19,400 per day, reflecting stronger demand. Rates for 160k cbm vessels also saw a significant rise of $8,900, reaching $10,400 per day, highlighting a clear uptick in earnings for smaller vessels.

The BLNG3 Sabine–Tokyo route saw even more impressive gains, with 174k cbm vessels rising by $12,600 to $24,600 per day. 160k cbm vessels also saw a major improvement, increasing by $10,800 to $14,000 per day, reflecting a robust market for both vessel sizes.

The term market has been slower to adjust, with six-month rates rising by $800 to $16,000, one-year rates dropping by $825 to $22,425, and three-year rates increasing by $850 to $46,750. Overall, this week shows a clear upward trend across key routes, with both 160k cbm and 174k cbm vessels demonstrating strong rate increases, particularly in the Atlantic basin. The market appears to be gaining momentum with positive sentiment moving forward, though the sustainability of these gains will depend on vessel availability and broader market conditions.


LPG

The upward trend from last week appears to have continued with steady sentiment, likely driven by IE week.

On the BLPG1 Ras Tanura to Chiba route, rates declined by $1.58, settling at $44.50, while TCE earnings dropped by $308, closing at $26,088. This slight downward shift suggests renewed pressure on the market, due to vessel availability.

In the Atlantic, the BLPG2 Houston–Flushing route saw a moderate increase of $0.44, closing at $47.75. TCE earnings, experienced a rise of $2,372, reaching $42,813, indicating improving earnings potential despite relatively stable freight rates.

Meanwhile, the BLPG3 Houston–Chiba route remained unchanged at $91.33, showing no rate movement from last week. However, TCE earnings improved significantly by $1,212, reaching $27,771, signalling stronger returns despite steady freight levels.