LNG Shipping Rates Surge to Two-Year High as U.S. Exports Soar
Market Intelligence Analysis
AI-PoweredLNG shipping rates have reached a two-year high due to increased U.S. exports, tightening the Atlantic LNG vessels market and driving up charter rates to $130,750 per day.
Market impact analysis based on bullish sentiment with 81% confidence.
Article Context
Spot charter rates to hire an LNG tanker on the U.S. to Europe route have jumped to their highest level in nearly two years as soaring American exports tighten the Atlantic LNG vessels market. The spot charter rate for a tanker to ship LNG from the U.S. to Europe surged by 12% on Friday, reaching $130,750 a day, per data from Spark Commodities cited by Bloomberg. That’s the highest daily LNG shipping rate since December 2023. Since October, LNG freight rates have rallied as U.S. export projects ramp up and tie up more…
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