LNG Weekly Report - Week 36

This week, LNG shipping rates experienced a convergence between East and West markets, with the Atlantic showing signs of recovery while Pacific rates declined after a prolonged period of illiquidity. Early-October cargoes improved owners' sentiment in the Atlantic, with expectations of rising fixing levels, despite remaining open vessels. Meanwhile, two spot fixtures in the Pacific at mid/low USD 20,000s signified a return to market activity. With charterers securing vessels for winter coverage at rates around USD 40,000 per day in the East, there is cautious optimism, though owners may hold firm on expectations. The outlook for next week suggests a firmer Atlantic market, while the Pacific could remain under pressure unless more physical cargoes surface.