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 steady demand outlook in the Pacific.

In the Atlantic, rates continued to drop across key routes. The BLNG2 Sabine–UK Continent route saw a sharp $2,100 decline for 174k cbm vessels, settling at $23,300 per day, while 160k cbm vessels dropped by $800 to $12,600 per day. The BLNG3 Sabine–Tokyo route followed a similar trend, with 174k cbm vessels falling $900 to $28,900 per day, and 160k cbm vessels sliding $1,000 to $14,800 per day.

The period market also saw downward pressure. Six-month charters decreased $350 at $28,250 per day, while one-year rates dipped $825 at $32,925 per day. finally, three-year time charters declined by $150 to $53,350 per day, signalling slight caution among long-term charterers.

LPG

The LPG market maintained its positive momentum this week, with rates rising across key routes.

On the BLPG1 Ras Tanura–Chiba route, rates climbed by $4.58, reaching $59.17, while TCE earnings increased by $4,482, closing at $41,720. This steady rise highlights ongoing demand strength in the far East.

In the Atlantic, the BLPG2 Houston–Flushing route gained $4.38, settling at $58.75, with TCE earnings jumping $5,530 to $58,092, reflecting firm chartering activity.

Meanwhile, the BLPG3 Houston–Chiba route saw a moderate increase of $3.17, reaching $108.17. TCE earnings edged up by $1,783, closing at $40,275, suggesting a more balanced market dynamic in the long-haul segment.
Source: Baltic Exchange