A surge in European LNG imports and feeble Asian LNG demand led to increased vessel supply in the West of Suez, curbing LNG shipping rates. In January 2021, vessel rates reached a high of $350,000pd along with the surge in LNG spot prices. However, LNG shipping rates have been struggling near the $50,000pd mark in …
The post Gas starved Europe deflates LNG shipping rates first appeared on Hellenic Shipping News Worldwide.