LNG Shipping Rates Soar 650% to $300,000 Per Day

LNG Shipping Rates Surge from $40,000 to $300,000 per Day

LNG shipping rates have surged from $40,000 to $300,000 per day as the US-Israeli war with Iran continues to disrupt the global energy market.

LNG Shipping Rates Soar 650% to $300,000 Per Day

The global LNG shipping market has turned sharply higher in recent days, with charter rates for modern LNG carriers surging from roughly $40,000 last week to around $300,000 per day as traders scramble to secure vessels amid escalating disruption in the Middle East. According to shipbroker Fearnleys’ latest weekly LNG report, cited by Riviera Maritime Media, daily spot charter rates for 174,000-cubic-meter LNG carriers along the U.S. Gulf-Europe…

LNG charter rates can push above $300,000 per day, Poten says

Several categories of vessels need to be soaked up first before market moves into undersupply