Period charter rates for LNG carriers are showing slight signs of sliding lower from their firm positions in a market where spot have been plummeting downwards since late December.

Brokers highlighted Equinor’s sublet to BP of the 160,000-cbm tri-fuel diesel-electric (TFDE) LNG carrier Cool Runner (built 2014) for one year which was reported at around $140,000 per day, some $20,000 per day down on last done.

But one said that despite the apparent easing of rates on paper as period levels follow spot market levels’ downward trend owners are reluctant to accept much lower figures as they remain confident on demand for the second half of 2023.