The Iran-related conflict and a halt in Qatari production have caused global LNG shipping rates to surge to $300,000 per day and spot LNG prices to double as traders navigate disruptions in the Middle East and a stalled Strait of Hormuz.
It refers to how much the company owning the ship pockets for using the ship, per day. Wanna ship LNG from A to B (takes 7 days of sailing)? You pay that cost times 7.
It refers to how much the company owning the ship pockets for using the ship, per day. Wanna ship LNG from A to B (takes 7 days of sailing)? You pay that cost times 7.
How much LNG? 1 liter? 100 thousand tons?
$ per day is not a shipping rate.