MARKETS

LNG shipping rates spike to nearly $400,000 per day

Freight rates for ships carrying LNG hit an all-time high Tuesday as Europe scrambles to secure energy supplies for the winter, a Markets Insider report said yesterday.

Tim Daiss

LNG shipping rates spike to nearly $400,000 per day

It now costs $397,500 per day to charter an LNG vessel in the Atlantic basin, the report said, citing data from Spark Commodities. Carrier rates have soared since Russia invaded Ukraine in late February...

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