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Shipping: Lng Freight Rates Hitting All-Time High Ahead Of Wintertime Traffic

From Reuters, Nov. 6:
* The cost of transportation liquefied natural gas (LNG) has hitting $200,000 a day, exceeding a 2012 peak of $180,000 a twenty-four hr menstruum
* The headline average is $170,000 for Asia Pacific, according to analysts at Jefferies, upward to a greater extent than or less 20 per centum from 2 weeks agone
* The headline average for the Atlantic Basin remains to a greater extent than or less $140,000 a twenty-four hr menstruum
* This compares to an average of to a greater extent than or less $80,000 to $85,000 a twenty-four hr menstruum inwards both basins at the goal of concluding year, at the peak of winter, according to the IGU...
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We volition live dorsum amongst equities inwards a few hours merely for at in ane lawsuit natural gas.
As we've mentioned over the past times few months the LNG carriers are ane of the few transportation lines that tin terminate teach away amongst naming their ain price. No persuasion how long it lasts, ships are nether structure correct now,* merely for the minute they are making money,
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