The disconnect between the value of LNG cargoes and spot rates for the ships that carry them has resulted in a spot market that does not function at times, says Flex LNG chief executive Oystein Kalleklev.
At the TradeWinds Shipowners Forum Oslo during Nor-Shipping, he pointed to a spot market that has been extremely volatile since Russia invaded Ukraine in February 2022, according to a recently released recording of the event.
