LNG shipping rates now far exceed crude-tanker rates

“Crude-tanker rates at historic levels!” blared the recent headlines. Lost in the media storm: Spot rates for liquefied natural gas (LNG) carriers are now higher – much higher – than for crude tankers. Stifel analyst Ben Nolan dubbed LNG carriers “the for

Tanker rates drop off but remain positive for owners

​Freight rates for the tanker shipping market have dropped off relatively quickly last week following the prior week’s dramatic surge, amidst a market that has seen significant adjustments for a better balance in the supply-demand equation.

Sanctions good for tankers as VLCC rates skyrocket

hksuezmaxtankerdeckview-300x200 (1).jpg Sanctions are not something generally seen as good for shipping, as they usually impede free trade, but the latest US sanctions against Cosco for carrying Iranian oil have caused the VLCC market to skyrocket.

Global oil freight rates rocket as U.S. sanctions tanker units of Chinese giant COSCO

​Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.

Container freight rates slump 4.2% in April

Container freight rates fell 4.2% in April to their lowest level since June last according XSI Public Indices...

Shipping Rates Plunge as Owners Fret About Trade War Impact

When U.S. President Donald Trump fired the first salvos in his trade war with China, the market for hauling...

Owners optimistic on LNG rates

Top Greek shipowners are optimistic about the charter rate outlook for LNG, although express concerns over the tender process and shorter periods adopted by some charterers.