Morgan Stanley Ship Hauls Frozen Gas 14,500 Miles to Tokyo

A liquefied natural gas tanker hired by Morgan Stanley, the bank that ships the most commodities, is hauling a cargo about 14,500 miles from the U.S. to Japan, where the fuel fetches almost seven times more.

The Arctic Spirit, owned by Teekay LNG Partners LP and on a long-term charter to Morgan Stanley, left Sabine Pass, Texas, on Feb. 23, ship-tracking data compiled by Bloomberg show. The ship, sailing to Sodegaura in Tokyo Bay, can carry about 37,000 metric tons, or 16 percent of Japan’s daily imports. The trade would earn about $16.2 million after transportation costs, estimates Arctic Securities ASA, an Oslo-based investment bank.