Too Many Ships, Too Little Demand: LNG Freight Rates Plunge to Multi-Year Lows

LNG tanker freight rates hit multi-year lows, with Atlantic rates at $20,750 per day and Pacific rates at $36,750 per day. New tankers are entering the fleet faster than liquefaction capacity is growing, and rates may stay depressed until late 2025.

Rates are down 87% in the Atlantic and 78% in the Pacific from a year earlier.