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LNG shipping rates down

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Jan 30 (LNGJ) – Shipping charter rates for LNG carriers in the spot market were down again in the week amid a slowdown in deliveries and market over-capacity. Rates were quoted at an average of between $68,000 per day to $72,000 per day West of Suez and $65,000 per day to $70,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters for vessels of between 155,000-160,000 cubic metres capacity were seen at around $72,000 per day.