ShippingWatch

CEO anticipates soaring LNG rates

After crisis-related trends in the first and second quarters of 2020, rates for LNG have recently skyrocketed, reports Finansavisen. Few ships are available on the market, according to CEO.

Øystein Kalleklev is CEO at John Fredriksen's Flex LNG. | Photo: Flex LNG

LNG rates have soared recently, with spot rates approaching USD 200,000 per day, reports Norwegian business media Finansavisen.

The current landscape is thereby in stark contrast to earlier this year, when rates came to USD 90,000 per day in early 2020 and USD 30,000 per day in May.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs