Whatever is going on in LNG shipping?
It is almost November and aside from the odd fixture flurry, spot charter rates across all vessel types appear to have sunk like a stone to unseasonally low levels at a time when they normally reach their highest levels for the year.
Brokers are pegging rates in the Atlantic basin for modern two-stroke LNG carriers in the daily range of $20,000 to $30,000, with rates for tri-fuel diesel-electric ships equating roughly to operating expenses and steam turbine ships attracting close to zero.
