LNG Weekly Report – Week 16 2026

LNG freight markets observed a mixed week, with Atlantic spot fixtures gaining traction while the Pacific segment softened amid excess TFDE availability. The latest data indicates Atlantic spot rates stabilized around USD 100,000/day for modern two-stroke vessels, as a flurry of enquiries emerged for late May delivery. Conversely, Pacific rates softened to the USD 50,000s for 160k TFDEs, reflecting an ample supply environment. The geopolitical situation remains cautious with the Strait of Hormuz still experiencing delays, despite Iran's tentative easing of traffic restrictions. Anticipation for summer demand is high, with bidders looking for prompt delivery through to Q3, albeit at slightly discounted rates compared to current spot levels.