LNG shipping rates are nearing a six-year high and carriers are lying laden with LNG due to a confluence of short and long-term factors including tepid demand for spot LNG and a lack of shipping capacity as new supply volumes come online. These factors have aligned to boost charter rates to USD 150,000/d, with traders looking to free up carriers that are currently laying idle in order to capitalise on increased rates. However, softening demand for spot LNG is dampening the ability of some to seize this opportunity.
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