A colder than average winter in northeast Asia, considering the La Nia forecast, could add further pressure on LNG spot charter rates, And this highlights very well the infrastructure and flexibility constraints which have been unveiled by the current gas&energy crisis the supply flexibility of the global gas system has been exhausted this year, which means that demand flexibility will be key in the upcoming heating season. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Global LNG shipping - orders and deliveries - Wood Mac RELATED POSTS This is around three times the charter rates we have seen a year ago at the beginning of the heating season. LNG shipping rates forecast to be lower in 2022 than 2021, Poten says Welcome to the stratosphere of LNG prices, commented Stifel analyst Ben Nolan on todays market conditions. googletag.pubads().enableSingleRequest(); Asked how high product tanker rates could theoretically go, Hafnia Tankers CEO Mikael Skov told attendees at the Capital Link New York Maritime Forum on Sept. 21, Once you have full utilization, theres nothing that prevents rates to go to any level, other than if freight becomes so much of the total that it kills it. He then spent 15 years at the shipping magazine Fairplay in various senior roles, including managing editor. After graduating Cornell University, he fled upstate New York's harsh winters for the island of St. Thomas, where he rose to editor-in-chief of the Virgin Islands Business Journal. The term market has remained strong for this whole period. Spot earnings have reached dizzying heights, Clarksons Securities analyst Frode Mrkedal wrote. Adnoc Gas Plc, a listed subsidiary of Abu Dhabi National Oil Co., will provide the super-chilled fuel to the French firm under a three-year agreement running until 2025, according to a statement . you can contacting me at [emailprotected] The plant is out of operation through at least month's end. Parallel in container-ship leasing }); S&P Global Commodity Insights told American Shipper that over the past week, the LNG carrier Yiannis was reportedly fixed to Shell at $400,000 per day for an intra-Atlantic Basin voyage and the Schneeweisschen was booked for early November at $360,000 per day by Indias GAIL. Second, new export projects that opt for newly built vessels will do so by pre-agreeing to long-term charters from the shipowners that place the actual orders. The plant is out of operation through at least month's end. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Greg Miller covers maritime for FreightWaves and American Shipper. The long-term charter market, which covers the overwhelming majority of LNG vessel employment, has been much less volatile than the spot market.