S&P Global Patts – 22 Nov 2021 | 17:25 UTC
Asia-Pacific LNG shipping day rate assessed at $300,000/day
LNG vessel supply in Pacific extremely constrained
LNG shipping rates may hold on to higher levels for some time
Asia-Pacific LNG shipping day rates have surged to an all-time high of around $300,000/day for a standard LNG carrier, as vessel demand outpaces a tight supply of ships in the region, ahead of peak winter season.
The S&P Global Platts Asia Pacific LNG shipping day rate was assessed at $300,000/day on Nov. 18, nearly six times that of around $50,000/day recorded at the start of November, along with a ballast rate of 150%, on the back of a reported fixture which was done earlier in the current week.
The Asia-Pacific day rate last hit a record high of around $175,000/day in mid-January and has been mostly rangebound between $50,000/day and $70,000/day for most of 2021. The Atlantic LNG shipping day rate also surged to around $245,000/day this week, but was still short of the nearly $300,000/day record high in January.
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