LNG Shipping Rates Surging as Vessels Drop Out of Service

By Anna Shiryaevskaya and Stephen Stapczynski (Bloomberg) --The cost of chartering a liquefied natural gas vessel on the short-term market has jumped the most since at least 2013. The day rate for a standard tanker East of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China‚Äôs COSCO Shipping Corp. start to hit just as the … [Read more...]

LNG Shipping Rates Hit All-Time High Ahead of Winter Traffic

LONDON, Nov 6 (Reuters) - The cost of shipping liquefied natural gas (LNG) has hit $200,000 a day, exceeding a 2012 peak of $180,000 a day The headline average is $170,000 for Asia Pacific, according to analysts at Jefferies, up around 20 percent from two weeks ago. The headline average for the Atlantic Basin remains around $140,000 a day. This compares to an average … [Read more...]