07
Apr

LNG Tanker Market Softens, But LPGs Still Going Strong

The LNG market softened this week, with declines in the Atlantic basin, while the Pacific market remained relatively stable. On the BLNG1 Gladstone–Tokyo route, 174k cbm vessels edged up by $200, reaching $27,300 per day, while 160k cbm vessels fell $400, closing at $17,400 per day. The slight gain in larger vessel rates suggests a …