LNG

The LNG market posted another strong week, with rates continuing to climb across all major routes as a tight tonnage list, particularly in the Atlantic, kept sentiment firmly bullish. Limited prompt availability and steady fixing momentum have pushed earnings sharply higher.

On the BLNG1 Australia–Japan route, 174k cbm vessels surged $13,500 to $62,500 per day, while 160k cbm ships gained $9,400 to $41,000 per day, supported by tightening Pacific positions and sustained charterer interest.

The BLNG2 US Gulf–Continent route saw another major jump, with 174k cbm earnings rising $14,368 to $81,668 per day and 160k cbm tonnage up $9,900 to $54,800 per day, as Atlantic supply remains extremely limited for 2-stroke tonnage.

The BLNG3 US Gulf–Japan route followed a similar trend, with 174k cbm vessels increasing $13,800 to $85,300 per day and 160k cbm ships up $8,800 to $56,200 per day, reflecting firm sentiment.

Time charter activity also strengthened, with the six-month period up $1,250 to $34,400 per day, the one-year rate edging $250 higher to $34,000 per day, and the three-year term increasing $500 to $52,000 per day.

 

LPG

With corporate events and long position lists the LPG market fell this week. With some resurgence being seen at the end of the week.

On the BLPG1 Ras Tanura–Chiba route, rates lost $6.33 to $63.17 per metric tonne, with TCE earnings losing $6,828 to $49,851 per day as sentiment weakened on the back of little activity.

The BLPG2 Houston–Flushing route also lost ground, falling $7.00 to $64.50 per metric tonne, with daily returns weakening $9,639 to $68,538 per day.

The BLPG3 Houston–Chiba route followed the trend, losing $13.00 to $119.00 per metric tonne, while TCE earnings decreased $10,072 to $52,322 per day, as tonnage lists grow and activity weakens.