LNG

The LNG market remained under pressure this week, with Atlantic rates facing pressure as vessel availability continues to grow against limited cargo opportunities. While some developing requirements emerged, activity remained muted overall.

On the BLNG1 Australia–Japan route, rates declined by $12,800 week-on-week to settle at $49,800/day. A weakened sentiment started to appear on the back of ample tonnage.

The BLNG2 US Gulf–Continent route increased by $2,100 to close at $13,100/day. Despite the modest week-on-week gain, Atlantic fundamentals remain weak, with fewer cargoes, shorter sailing distances and a large number of available vessels continuing to pressure freight earnings.

Similarly, the BLNG3 US Gulf–Japan route rose $1,900 week-on-week to settle at $29,800/day. The route found some support towards the end of the week, although overall sentiment remained subdued as long-haul opportunities remained limited.

In the time charter market, sentiment softened across all periods. The six-month rate fell by $6,200 to $54,800/day, while the one-year term declined by $4,700 to $54,967/day. Further out the curve, the three-year period eased by $2,000 to $71,500/day.


LPG

The LPG market was quieter this week, with only a handful of fixtures reported. Limited activity resulted in softer sentiment, although freight levels remained relatively supported by a balanced tonnage list.

On the BLPG1 Ras Tanura–Chiba route, rates settled at $217.75, with TCE earnings closing at $210,291/day.

The BLPG2 Houston–Flushing route declined by $9.00 week-on-week to settle at $148.75, with TCE earnings falling by $11,341 to $170,149/day. Limited fixing activity and a lack of fresh cargo enquiry weighed on Atlantic rates throughout the week.

Similarly, the BLPG3 Houston–Chiba route fell $9.17 to close at $263.33, while TCE returns decreased by $4,604 to $154,458/day. Overall, it was a slower week for the LPG market, with only a small number of fixtures concluded and freight rates easing modestly across the routes.