Gas report - Week 16
LNG
The LNG spot market softened this week. On the BLNG1 Australia–Japan route, 174k cbm vessels eased $1,100 week-on-week to settle at $73,300/day, reflecting the slightly softer Pacific sentiment.
The BLNG2 US Gulf–Continent route nudged up about $10,000/day to $100,400/day. Similarly, the BLNG3 US Gulf–Japan route rose from $103,000/day last Friday to $114,400/day.
In the time charter market, period rates also slipped down. The six-month rate fell $4,600 to $90,000/day, while the one-year term eased by $1,167 to $81,000/day. The three-year period slipped $900 to $80,000/day, again reflecting a broadly steady but slightly softer forward outlook.
LPG
The LPG market firmed again this week, driven by USG chartering interest and delivering higher fixing levels.
On the BLPG1 Ras Tanura–Chiba route, rates were assessed at $161.00, with TCE earnings at $135,000/day.
The BLPG2 Houston–Flushing route rose over the week, climbing $25 to $125, with TCE earnings increasing by $37,000 to $135,000/day.
Similarly, the BLPG3 Houston–Chiba route climbed $42 to $230, with TCE returns jumping $35,000 to $128,000/day.