The article discusses a significant decline in liquefied natural gas tanker spot rates, which dropped below $30,000 per day during January 2022.
Main Finding:
LNG tanker spot rates have fallen below $30,000 per day in January as a significant shift of US exports from Asia to Europe, which began in December, sharply reduced tonne-mile demand.
Underlying Cause:
The shift in export destinations resulted from reduced Russian pipeline supplies to Europe, altering typical trade patterns.
Market Outlook:
Marsoft analysts anticipate rate recovery by late Q2, though they acknowledge potential longer-term pressure if US exports to Europe remain elevated to compensate for Russian supply reductions.
A comprehensive forecast update would follow in Marsoft's Q1 release.
