LNG Shipping Rates Climb to a Record on Scarcity of Vessels
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Rents for ships hauling liquefied natural gas reached a record as winter fuel demand runs up against few available vessels, investment bank Pareto Securities AS said.
The cost of hiring an LNG carrier for a year rose to $150,000 a day, 11 percent higher than last week, the Oslo-based bank said today in an e-mailed note, citing brokers’ estimates. One-time cargoes cost $145,000 a day, up 16 percent from the week before.