Market sources say the 138,000-cbm LNG carrier Excel (built 2003) will go on hire to energy major ConocoPhillips for a six-month period. They indicate the deal on the vessel, which is believed to have been secured some time ago, was agreed at slightly over market rates as they stand today.

One suggested the daily level starts with a “3” compared to current rates, which stand in the $20,000-per-day range.