LNG SPOT RATES OUTLINE DIVERGING TREND

摘要

LNG spot rates had a different run on the two sides of the Suez Canal. The rates in the East came under pressure as vessel supply was ample in the region. The spot rate for a DFDE vessel averaged $26,000pd in the East – 4% lower than in April. However, the rates to the west of Suez improved since the vessel supply situation was tight in the region on the back of strong exports from the US, Nigeria and Angola. The spot rate for a DFDE vessel averaged $37,000pd in the West – an increase of 23% from the average rate in April. As a result of this diverging movement in the spot rates in the two sides, the rate gap between the two basins widened to $11,000pd over $3,000pd in April