LNG Tanker Shipping Strengthened Last Week, But LPGs Lost Momentum in International Shipping News 16/02/2026 LNG The LNG spot market strengthened this week, driven by a sharp rebound in the Atlantic while the Pacific remained comparatively stable. Improved cargo flow in the West and a tightening tonnage list shifted momentum. On the BLNG1 Australia–Japan route, 174k cbm vessels eased marginally by $200 to $28,200/day. The East remained relatively steady, supported by consistent enquiry and a balanced tonnage list, limiting volatility despite broader market moves elsewhere. In contrast, the BLNG2 US Gulf–Continent route surged $9,700 to $21,900/day. A reduction in available Atlantic tonnage, combined with a string of uncovered cargoes, drove an upward correction. Similarly, the BLNG3 US Gulf–Japan route climbed $9,700 to $23,700/day. The tightening vessel availability in the West underpinned the week-on-week gains. In the time-charter market, the six-month rate fell $3,000 to $23,900/day. The one-year term held flat at $38,075/day, while the three-year period firmed $1,333 to $60,000/day. LPG The LPG market lost momentum this week, with activity slowing as IE Week in London took centre stage. With many participants away from their desks, enquiry thinned and fixing levels came under modest pressure across the main routes. On the BLPG1 Ras Tanura–Chiba route, rates fell $4.15 to $95.17, with TCE earnings declining $4,745 to $84,383/day. After briefly pushing above the $100 mark early in the week, softer enquiry and a more comfortable tonnage position weighed on sentiment into the close. The BLPG2 Houston–Flushing route eased $0.38 to $88.63, while TCE returns slipped $744 to $94,370/day. Similarly, the BLPG3 Houston– Chiba route edged down $0.75 to $159.08. TCE earnings fell $690 to $83,775/day, as fresh cargo flow slowed. Source: Baltic Exchange 2026-02-16 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