LNG Weekly Report - Week 18

LNG shipping rates showed resilience this week amid persistent geopolitical tensions in the Strait of Hormuz, with significant increases observed in term fixtures. Rates have dropped, while multi-month fixtures are being rapidly executed, suggesting bullish sentiment from charterers as they prepare for a strong summer demand. Although a potential easing in tensions could stabilize rates in Q4, current market dynamics reflect a bullish outlook as charterers are reluctant to anticipate a dip, supported by increased tonne-miles and the impact of Middle Eastern supply disruptions, indicating a possible severe supply reckoning ahead.