LNG carrier rates on the spot market hit a record amid strong demand and limited supply as many opt for a long-term commitment to using the vessels. According to a Reuters report citing industry insiders, the imbalance in the LNG carrier market was also exacerbated by sanctions on Russian energy cargo that have led to buyers seeking to avoid dealing with Russian vessels.
The spot market rate for a 160,000-cu m LNG carrier in the Atlantic Basin, for instance, are currently at $100,000 per day, according to LNG consultancy Poten & Partners. For…Strong Demand Pushes LNG Tanker Rates Through The Roof
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