◂ Event Timeline

Nov 6, 2018LOGISTICSGlobal

LNG Shipping Rates Hit All-Time High Ahead of Winter Traffic

LNG shipping rates reached $200,000 per day, above the 2012 peak of $180,000 per day. The Asia Pacific average is $170,000 per day, up about 20% in two weeks, and the Atlantic Basin is around $140,000 per day.

WHY IT MATTERS

Sharply higher LNG freight costs raise the delivered cost of LNG cargoes and can constrain flows into importing markets during winter demand.

AFFECTSNatural Gas

SOURCE
gcaptain.comReutersNov 6, 2018

Price reaction & history

Natural Gasno directional readSO FAR1d -0.2%5d +9.1%20d +24.8%

After 93 past logistics events, Natural Gas moved a median -3.6% over 5 sessions (39% higher; middle half -10.7% to +4.7%), and -0.3% over 20.

Jul 31, 2023LNG Charter Rates Rising to $200,000 a Day Ahead of Winter - Bloomberg-1.2%
Jan 12, 2021LNG Shipping Rates from U.S. Surge Record on Asia Buying Boom-4.8%
Oct 20, 2020JKM hits one-year high on LNG supply disruptions, winter buying+21.5%
Oct 28, 2024Too Many Ships, Too Little Demand: LNG Freight Rates Plunge to Multi-Year Lows-12.5%
Nov 3, 2020LNG tankers without reservations seeing longer waiting times at Panama Canal --12.5%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Natural Gas NATGAS · GP ▸

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