LNG Market Rebounded Last Week in International Shipping News 24/02/2026 LNG The LNG spot market saw a strong week, with the Atlantic firming and the Pacific remaining flat. With a few uncovered cargoes in the West and a tightening tonnage list at the front end of the fixing window, it led to an upward correction in rates. On the BLNG1 Australia–Japan route, 174k cbm vessels slipped $400 to $27,400/day. The Pacific market remained relatively balanced, due to most players being away for the Lunar New Year holidays. In contrast, the BLNG2 US Gulf–Continent route jumped $12,200 to $35,000/day. A few prompt cargoes and a shrinking Atlantic position list forced charterers back into the market. Similarly, the BLNG3 US Gulf–Japan route surged $11,802 to $35,802/day. In the time-charter market, sentiment improved slightly. The six-month rate rose $2,250 to $26,150/day, the one-year term increased $1,050 to $39,125/day, and the three-year period firmed $500 to $60,500/day. LPG The LPG market regained momentum this week as participants gradually returned following the Lunar New Year holidays in the East. Improved enquiry and a pickup in fixing activity lent firmer undertones across all major routes, particularly toward the end of the week. On the BLPG1 Ras Tanura–Chiba route, rates rose $3.00 to $96.33, with TCE earnings increasing $3,450 to $85,692/day. After a relatively subdued start, renewed Asian interest helped push levels higher into the close. The BLPG2 Houston–Flushing route edged up $0.75 to $84.50, while TCE returns improved $821 to $88,465/day. The Atlantic market remained comparatively steady, but stronger sentiment from the East and incremental cargo activity provided support. Similarly, the BLPG3 Houston–Chiba route gained $2.50 to $151.67. TCE earnings climbed $2,084 to $77,874/day, reflecting improved long-haul economics as charterers re-engaged and tonnage availability tightened slightly. Source: Baltic Exchange 2026-02-24 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share