LNG Shipping Market Retreats Further

The LNG spot market continued to soften this week, with rates retreating further as the seasonal Q1 dip became more pronounced and the tonnage list lengthened, particularly in the Atlantic Basin. On the BLNG1 Australia–Japan route, 174k cbm vessels edged down $1,200 to $41,400/day. However, with 2-stroke availability remaining relatively tight, rates found support and …

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