Europe’s LNG demand, growing fleet size to pressure shipping rates in winter

Strong European demand for liquefied natural gas is expected to cap shipping costs this winter by keeping more cargoes within the Atlantic basin, though a resurgence in buying from Asia could constrain vessel availability and lift freight costs. Both Atlantic and Pacific freight rates have fallen back to levels seen before the US-Israeli war on … Continue reading Europe’s LNG demand, growing fleet size to pressure shipping rates in winter