LNG

The LNG market continued to firm this week, supported by persistently tight tonnage and steady enquiry across both basins. Limited vessel availability, particularly in the Atlantic, has helped maintain upward momentum.

On the BLNG1 Australia–Japan route, 174k cbm vessels gained $2,400 to $45,400 per day, while 160k cbm tonnage rose $1,900 to $28,800 per day, with sentiment remaining firm as prompt positions tighten further.

The BLNG2 US Gulf–Continent route strengthened notably, with 174k cbm rates climbing $6,400 to $67,100 per day and 160k cbm ships rising $4,600 to $44,900 per day, supported by limited available vessels.

The BLNG3 US Gulf–Japan route also advanced, gaining $4,800 to $71,700 per day for 174k cbm carriers and $3,400 to $46,400 per day for 160k cbm ships.

Time charter levels were mixed. The six-month period increased $1,700 to $33,150 per day, while the one-year rate eased $400 to $33,750 per day, and the three-year term softened $1,750 to $51,500 per day amid more balanced longer-term sentiment.

 

LPG

The LPG market continued to firm this week, with sentiment supported by tightening vessel availability in both basins and sustained fixing activity in the West. Despite a quieter pace of enquiries in the East, overall momentum remains positive as November progresses.

On the BLPG1 Ras Tanura–Chiba route, rates gained $10.00 to $70.83 per metric tonne, with TCE earnings climbing $11,151 to $57,968 per day as sentiment strengthened on tightening tonnage.

The BLPG2 Houston–Flushing route also advanced, rising $5.75 to $72.50 per metric tonne, with daily returns improving $8,568 to $79,514 per day.

The BLPG3 Houston–Chiba route followed the trend, adding $8.75 to $133.92 per metric tonne, while TCE earnings increased $6,882 to $63,719 per day, supported by strong transpacific demand and steady Western fixing levels.