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Date: 08/05/2024

World LNG freight rates seen as stable

Global LNG freight rates are stable despite recent vessel availability fluctuation. Global LNG freight rates have remained steady throughout this year, despite the number of LNG vessels available, in both the Pacific and Atlantic spot markets, fluctuating in 2024, as per reports. At the start of the year, the number of available spot vessels in the Atlantic basin stood at five ships, before dipping to around three to four in March. In April, the number of available vessels soared to the highest recorded between 2022 and 2024 of around 13 to 14 vessels. Recently, the number of available vessels has declined to around 12 to 13. Similarly, the Pacific has also seen swings in vessel availability, starting in January at around 10 to 11 vessels before reaching a peak of around 14 in March and then rising further to around 16 in April, before falling back recently to around 12 to 13 ships, the reports added.
 
source: Exim News Service: Singapore, May 7



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