LNG spot rates take a dive

Spot rates fall from unprecedented heights as more ships are being released into the market.

Some of the floating storage off Europe is beginning to unwind, while the restart of the Freeport terminal in the US, which suffered an explosion and outage earlier in the year, has been pushed back, freeing up ships, said MSI’s gas analyst Andrew Buckland. Read more at LloydsList

Softer tone prevails in dry bulk market

Spot rates have been on a downward slope across all bulker segments mainly due to lower demand and an unwinding of fleet inefficiencies, with weakness expected into the first quarter of next year.

THE dry bulk market is firmly on a downward slope, with weakness expected to continue into the new year. “Headwinds will strengthen in the months ahead,” says MSI. Read more at LloydsList