Spot charter rates for LNG carriers have tumbled as the effects of low gas pricing, cargo cancellations and the weakened demand from the Covid-19 pandemic start to kick in.
Brokers said levels plummeted over 20% to below the $30,000-per-day mark for tri-fuel diesel-electric (TFDE) ships trading in the Far East, with their larger gas-injection cousins earning sub-$40,000 daily rates and steam-turbine vessels levels in the low $20,000s.
