LNG

It has been a quiet week in the LNG market, with activity levels subdued and rates largely trading sideways. Limited fresh enquiry and balanced tonnage availability have kept sentiment flat, as both charterers and owners wait for clearer market direction.

On the BLNG1 Australia–Japan route, 174k cbm vessels eased $600 to $24,200 per day, while 160k cbm tonnage slipped $200 to $13,100 per day, reflecting muted Pacific activity.

The BLNG2 US Gulf–Continent route saw marginal declines, with 174k cbm earnings down $500 to $21,800 per day and 160k cbm vessels off $400 to $10,600 per day. Transatlantic interest remains limited, with little change in positioning.

On the BLNG3 US Gulf–Japan route, 174k cbm vessels lost $1,200 to finish at $25,200 per day, while 160k cbm ships slipped $600 to $12,500 per day. Longer-haul sentiment remains soft as end-user demand and new spot fixtures remain thin.

Time charter levels were mostly stable. The six-month rate held at $29,900 per day, the one-year term eased $750 to $33,500, and the three-year benchmark was unchanged at $50,500 per day, reflecting a steady but inactive market tone.

 
LPG

It has been a largely static week in the LPG market, with rates holding steady through to midweek before softening sharply on Thursday. Freight gave way to bearish sentiment amid high U.S. inventory levels, fuelling expectations that US prices could ease further, particularly following last week’s CP reduction.

On the BLPG1 Ras Tanura–Chiba route, rates slipped $3.25 to $64.00 per metric tonne, with TCE earnings down $3,907 to $49,749 per day. The early-week stability gave way to a rising tonnage list.

The BLPG2 Houston–Flushing route followed a similar pattern, falling $4.50 to $69.00 per metric tonne, while TCE returns declined $6,785 to $75,176 per day. Ample U.S. supply and muted transatlantic arbitrage opportunities weighed on sentiment.

On the BLPG3 Houston–Chiba route, rates fell $8.17 to $125.83 per metric tonne, with TCE earnings dropping $6,791 to $56,852 per day. The long-haul market faced increased headwinds as arbitrage economics still remain challenging.