LNG Shipping Rates Surge to Two-Year High as U.S. Exports Soar ...Middle East

Economy by : (OILPRICE) -
Spot charter rates to hire an LNG tanker on the U.S. to Europe route have jumped to their highest level in nearly two years as soaring American exports tighten the Atlantic LNG vessels market.   The spot charter rate for a tanker to ship LNG from the U.S. to Europe surged by 12% on Friday, reaching $130,750 a day, per data from Spark Commodities cited by Bloomberg. That’s the highest daily LNG shipping rate since December 2023.   Since October, LNG freight rates have rallied as U.S. export projects ramp up and tie up more…

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