According to the shipbroker, the spot price of LNG ships is close to US$100,000 per day. -As the ship’s capacity is very limited, this momentum is expected to continue.
The transportation market for liquefied natural gas (LNG) tightened at the end of April (usually a gloomy month) because heating and cooling are hardly needed.
Eirik Haavaldsen, head of analysis at Pareto Securities, wrote in an update on Monday that MEGI-type LNG ships now earn between 80,000 and 95,000 dollars a day in the spot market. .
-Haavaldsen wrote that this is the highest level we have seen in April since 2013, and short- and medium-term ship capacity is very limited, and this momentum is expected to continue.
At the beginning of April, the spot price of these ships was approximately US$40,000.
Ship brokerage company Affinity wrote in a recent report that there are currently only eight LNG ships in the world, accounting for approximately 1.5% of the global fleet.
-Emphasize that the market is constantly evolving.
Platou of Clarkson, a shipbroker, wrote in an update that the market is also strong in longer fixed contracts.
The cold shock in Asia since this winter is the key reason for the strong demand for LNG.
Importers in Europe and Asia are already taking action to ensure stocks next winter. This avoids the big winter explosion because the demand for natural gas is high, the inventory is emptied, and the price rises.
-Buyers do not want to be “out of stock” next winter, so you have seen buyers looking for spot loads in the second half of this year. This is an unusually early phenomenon. This is the head of Øystein Kalleklev, the head of the transportation company Flex LNG. Recently Tell E24.
The price of LNG on the spot market has fallen sharply from its peak this winter, but it has risen sharply last month. The price per million British thermal units (BTU) for delivery in Asia in June is now about $8.7.
At this time last year, the level was below two dollars.
Kalleklev of Flex LNG wrote in an email that the product and transportation markets are now “extremely tight.”