One-year time charter rates for Steam LNG carriers averaged $71,550 per day in the first quarter of 2023, 13% lower than the fourth quarter of 2022. googletag.pubads().collapseEmptyDivs(); Spot rates for transporting 160,000 cubic meters of LNG in the Atlantic Basin is $100,000 per day, and $85,000 per day for Asia, or the East-of-Suez, cargoes, said Poten's head of business. Copyright 2023, All Rights Reserved, FreightWaves, Inc, LNG shipping rates shooting for the stars at $500,000 per day, Loaded & Rolling (Enterprise Fleet News/Analysis), can make $200 million in profits moving a single shipload of LNG, Rates have gone into the $300,000s per day, It sparked an outcry among containerized cargo shippers. Liquefied Natural Gas (LNG) . Get our answers to the most frequently asked questions, including how we assess freight rates and why a day rate is the right choice for a benchmark. Theres really no cap until the freight becomes really, really high., Scorpio Tankers (NYSE: STNG) President Robert Bugbee noted that his company fixed tankers on individual voyages this summer at over $100,000 per day and not one time have we had phone calls from the heads of BP or Shell ringing up and saying, What the hell are you doing screwing our guys over?. Request a trial of LNG Insight to unlock this and other subscriber-only content. LNG spot charter rates hit new highs | Global LNG Hub SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. Acquiring LNG supply and LNG pricing 6. In a recent article for FreightWaves, he notes that "Spot rates for very large crude carriers (VLCCs) - tankers that carry 2 million barrels of oil - just breached the $100,000-per-day . These cookies will be stored in your browser only with your consent. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767737710-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
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