Europe rush to secure gas sparks record high LNG ship rates 🚢📈
💰 The cost to charter an LNG ship in the Atlantic jumped to $397,500/day, according to @SparkCommo. That's a ~500% increase year-to-date
⚠️ Lack of ships is latest challenge for buyers
bloomberg.com/news/articles/…
💰 The cost to charter an LNG ship in the Atlantic jumped to $397,500/day, according to @SparkCommo. That's a ~500% increase year-to-date
⚠️ Lack of ships is latest challenge for buyers
bloomberg.com/news/articles/…
LNG freight rates are surging much faster than normal for this time of year 📈
The seasonal chart is pretty wild
The seasonal chart is pretty wild
One thing to remember:
🇨🇳 A lot fewer LNG vessels would be heading to Europe if China’s demand wasn’t so weak this year
bloomberg.com/news/articles/…
🇨🇳 A lot fewer LNG vessels would be heading to Europe if China’s demand wasn’t so weak this year
bloomberg.com/news/articles/…
Europe’s gas storage sites are quickly filling in preparation for a winter without Russian fuel. With inventories nearing max capacity, traders are increasingly storing LNG in vessels at sea 🚢 🚢
Global LNG floating storage is at a record high
spglobal.com/commodityinsig…
Global LNG floating storage is at a record high
spglobal.com/commodityinsig…
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