February and spot rates for modern tonnage have now recovered to above seasonal average while the one-year and three-year Time Charter rates for remains very strong. Main Sections . Pacific prompt charter rates. The increased competition has . And you thought gas & power prices were volatile. the volatility in spot charter rates, which can be significant. The fixed rate time charter will commence in the third quarter 2022 with a firm period ending in the first quarter 2026. LNG charter rates during the summer of 2018 remained strong while the rates for spot charters bumped up during the second quarter of the year hitting their peak since 2012, a report by the shipping consultancy Drewry says. Rates for M-type, electronically controlled, gas-injection (MEGI) propulsion carriers are at $125,000 per day, up 89% month-on-month. Unlike dry bulk and tanker markets, however, LNG shipping is primarily a term-charter as opposed to a spot-voyage market, so spot rates are less telling. Click now to claim. Spot LNG Vessel Rates - LNG Datafeed, LNG Insight. The fixed rate time charter will commence in the third quarter 2022 with a firm period ending in the first quarter 2026. but fell sharply in January 2022. May 11, 2022 Hamilton, Bermuda Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited . the liquefied natural gas equipment-maker and energy services company, has told investors it was well positioned to capitalize on multi-year growth in LNG and new . Spot charter rates for February-March fell on Friday, as demand for tonnage to deliver Atlantic cargoes into Pacific markets retreated. USD/MMBtu. Easing conditions in the spot market come on the back of a shift in gas pricing dynamics, with a greater share of US cargoes heading to Europe compared to previous years, as the Russo-Ukraine war has caused Europe to . The benchmark one-year charter rate for LNG carriers jumped 74% to $82,000 a day since the start of 2021, according to Fearnleys, which is the highest since November 2019 and indicates an improved . The fixed rate time charter has a firm period ending in the first quarter 2026. Asian spot liquefied natural gas (LNG) prices declined this week, tracking European gas prices which fell due to stable Russian gas flows and LNG supply. . Then across the last two months (1 st Dec 21 to 1 st Feb 22) charter rates crashed more than 95%. Teekay LNG Partners Reports Second Quarter 2021 Results, by @nasdaq . Access a global market. . "There are very limited spot vessels . The average LNG price for March delivery into north-east Asia reached $24.70 per metric million British thermal units (mmBtu), down $0.30, or 1.2% from the previous week, industry sources said . Total 34 22 17 43 33 16 165 Total 2022-2025 165 Poten & Partners LNG Shipping & Trading Reference Tables (2022) 150,000m3 ST Delivery 160,000m3 TFDE (Avg Spot Charter Rate US$) 174,000m3 MEGI Tel: +1 212 230 2000 Fax: +1 212 355 0295 www.poten.com Poten & Partners Athens Guangzhou Houston London New York Perth . The average haul has declined from 5,508 miles in 1999 to 5,437 in 2015. The daily charter rate for shipping LNG on a vessel able to carry about 175,000 to 180,000 cubic metres of LNG has risen to up to $70,000 to $80,000 . Asian spot LNG price surged to a record high on Thursday, boosted by strong winter restocking demand among Asian end-users, according to S&P Global Platts. Last updated on 1 June 2022. LNG charter rates are a key component of spot LNG trade, dictating the way the super-cooled gas is transported. It should not be regarded as financial or other professional advice. Get CEO.CA Pro. The effective round-trip cost for an Atlantic Basin spot charter is now just $15,625/d, given that the ballast charge has also declined to around 25%. Its full-year 2021 combined revenues were $326 million, down about 2.2% year/year. min read1 min. The series, prices and accompanying information are subject to the limitations as stated on this web page and in the ACCC's Guide to the LNG . The fixed rate time charter will commence in the third quarter 2022 with a firm period ending in the first quarter 2026. spot, short- and long-term charter rates and asset prices developments in the market. 2021 and 89% fixed for 2022, thanks to great work by our commercial team to adapt to a rapidly evolving market. The Suez Canal blockage lasted for a week, with the containership refloated and vessel traffic restarting on 29 March 2021. Modern MEGI vessels have recorded spot rates above $130,000/day, with some reports quoting as much as $150,000/day, for January cargoes. Next update on 16 June 2022. But even after. The Company declared a dividend for the first quarter 2022 of $0.75 per . Total (spot and long-term) 4Q2021 revenues were $88 million, up 3.8% year/year. Spot-charter rates for LNG ships are slowly moving upwards after hitting multi-year lows in January and February. Chart 1 tells the story via the light blue line - the Spark Atlantic LNG spot freight assessment. With the Gunvor cargo, Bangladesh has awarded three spot LNG cargoes for June delivery. Average Time Charter Equivalent 1 ("TCE") rate of $62,627 per day for the first quarter 2022, compared to $95,908 per day for the fourth . In contrast, medium to long-term time charters generally provide reliable revenues, but they also limit the portion of the Group's fleet available to the spot market during an The 2019 charter rate surge. Pacific prompt charter rates. Brokers said the initial few weeks of 2022 point to a weaker quarter for rates . We expect that the LNG/C spot charter market will continue to remain . As the number of available LNG tankers in the Atlantic basin surged, freight rates plummeted. This is evidencing that charterers are willing to pay a substantial o put this in perspective, the previous low for Atlantic Basin charter rates was assessed last summer during the peak of US LNG cancellations, where the effective round-trip cost dropped to . @nasdaq/teekay-lng-partners-reportsfirst-quarter-2021-results channel Turn off ads with a Pro subscription Advertise on CEO.CA. Strong demand for LNG spot cargoes amid the limited availability of vessels is pushing up charter rates in both the Asia Pacific and Atlantic regions, providing a boost to the long depressed shipping market, market sources said this week. 21 January 2022. . but fell sharply in January 2022. Shipowners with modern DFDE vessels chartered out their vessels at $60,000/d in the second quarter of the year, which is . These rates reflect a strong increase in gas demand and gas prices in Asia, amplified by export facility outages . 2022 Mexico Pipeline Map chevron_right; FLEX LNG Ltd. (NYSE:NYSE:FLNG) Q1 2022 Earnings Conference Call May 11, 2022 09:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial. Net income of $55.8 million and basic earnings per share of $1.05 for the first quarter 2022, compared to net income of $69.4 million and basic earnings per share of $1.31 for the fourth quarter 2021. May 22, 2020. This translates into roughly 1.20 $/mmbtu cost increase for a spot charter voyage from US to Asia (assuming round trip costs). The liberalisation of LNG is creating a global natural gas market, with freight acting as a virtual pipeline between continents. The fixed rate time charter will commence in the third quarter 2022 with a firm period ending in the first quarter 2026. LNG spot earnings late 2021 up to date (Data from Fearnley Research. Spot charter rates have quickly surged from below $50k per day this summer to above $130k per day by mid October. 8.29. That, coupled with a slowdown in LNG demand, resulted in a decrease in LNG shipping costs, with the average spot charter rate for steam turbine LNG carriers falling to $47,000 per day in February 2021. According to Clarksons Platou Securities, spot rates for tri-fuel, diesel-electric (TFDE) propulsion LNG carriers are now averaging $112,500 per day, up 105% month-on-month. This is the highest level for the LNG benchmark for Asian spot LNG since Platts launched it in early 2009, it said. Spot rates for crude tankers are expected to be negatively impacted later this year and into 2021, though . The Baltic Exchange currently assesses time charter equivalent rates to ship 180,000 cu m of LNG to Tokyo from . Real-time Level 2 Market Depth. They believe the price will peak sometime in early 2022. In line with record-high European gas hub and Asian spot LNG prices, LNG ship charter rates are also surging despite limited market activity, according to shipping sources. Rates for M-type . Asian players moved to purchase additional spot cargoes to support restocking ahead of the winter season. According to Clarksons Platou Securities analyst Frode Mrkedal, "The spot activity has been remarkably low, with only one voyage charter being done in the first two weeks of 2022. The daily charter rate for a tri-fuel diesel-electric (TFDE) vessel that can carry 160,000 cubic meters of LNG to Pacific basin ports rose to $202,500 a day on Tuesday, the highest since Jan. 15 . Spot charter rates for TFDE carriers reached an unprecedented USD 350,000/day in the second week of January 2021 due to a shortage of LNG carriers. Moreover, a slowdown in LNG demand, coupled with a rise in shipping availability, resulted in charter rates falling to $16,000 per day in mid . LNG shipping; Forecasts for spot rates, short term, long term rates and operating costs; . Read More & Buy Now . Asian spot liquefied natural gas (LNG) prices were up this week on continued demand growth from Japan, Korea and India as large utilities sought to replenish stocks. LNG Freight Futures. Crude tanker spot rates face negative impact in late-2020 and into 2021. Appears in. Tue, Mar 8, 2022 WORLD GAS INTELLIGENCE Note: the ACCC has published the LNG netback price series and accompanying information to provide general information only. LNG Forecaster is Drewry's detailed quarterly appraisal of the LNG trade and shipping market. However, demand for charters for periods of one year or longer continues to be high in spite of the lack of activity in the spot market. Charter rates usually follow the price of LNG, which has fallen since September due to sluggish demand from Asian buyers. . LNG: 2021 in review. In April 2022, Cheniere declared their option for a fifth time charter agreement for the vessel, Flex Aurora. They point to one voyage in early January, which had a record LNG spot rate of $350,000 per day. LNG shipping executives do not believe spot rates will break that record this season, but they do expect the rates to peak at or around $300,000 per day. Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available, which could help increase LNG trade if Asian demand rises in coming months. One-year time charter rates for TFDE LNG carriers averaged . 21 January 2022. Please . This supports spot chartering rates for LNG carriers which have hit all-time highs. Skip to content. THE natural gas and energy crunch sweeping Asia and Europe has propelled spot rates for liquefied natural gas carriers above $260,000 per day on key routes as traders sought vessels to profit from cargo arbitrages worth over $100m. Going forward, we expect a modest improvement in petroleum tanker rates . One-year time charter rates for TFDE LNG carriers averaged . Wednesday, May 11, 2022 Subscribe: E-News . CFO Achilleas Tasioulas said . In December and January, dozens of cargoes of U.S. LNG flocked to Europe, which had a record-high natural gas price amid the gas and energy . read first. Average Time Charter Equivalent 1 ("TCE") rate of $62,627 per day for the first quarter 2022, compared to $95,908 per day for the fourth . "A huge volume of new-build orders have taken up slots in China and South Korean shipyards," K.W. Rates were quoted at an average of between $51,500 per day and $53,500 per day West of Suez and at rates of between $49,000 per day and $51,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. An LNG tanker with a 160,000 cubic meter storage capacity could be chartered at an average spot price of 89,200 U.S. dollars per day in 2021. +0.14 +1.76%. The daily charter rate for shipping LNG on a vessel able to carry around 175,000 to 180,000 cubic metres has risen to as much as $70,000 to $80,000 from around $50,000 to $65,000 last week, two . The Argus-assessed ARV2 prompt rate for US-northwest Europe round trips fell to $190,000/d on Friday from around $205,000/d a day earlier, while the . LNG freight price assessor Spark Commodities in a tweet on Tuesday (Feb 8) said: "First .