LNG carriers are still earning more on the spot market than they are on the charter market, GasLog's recent deal with Cheniere Energy shows.
The Paul Wogan-led company said Wednesday its two 174,000-cbm newbuildings — set to go on seven-year charters with the US gas exporter once completed in 2021 — fetched "mid-cycle rates," which Deutsche Bank's Chris Snyder estimated in a note to be $75,000 per day.
