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Liquefied natural gas ship freight nearly two months since the year's highest impact daily basis meaning price

LNG (liquefied natural gas) ship freight nearly two months since the year's highest impact daily basis meaning price

In June, spot freight of 174,000 cubic meters OF LNG has officially broken through $100,000 / day, and spot freight of 160,000 cubic meters of LNG has also approached the $100,000 / day mark. The freight of both ships has almost doubled in two months.

In the final analysis, this round of the LNG freight market is the "abnormal" global scavenging by Europe. Europe's actions in recent months have even changed the "Asian premium", and the spot LNG market has begun to shift to the "European premium".

The LNG market, and the energy sector as a whole, are undergoing new changes.

Data provided by Clarkson Research to Time Finance shows that since June, spot freight of 174,000 cubic meter LNG vessels has officially broken through $100,000, recording records of $11,500, $120,000 and $101,500 per day on March 3, 10 and 17 respectively.

In April this year, the spot freight of this kind of ship still hovered at $60,000 - $80,000, and two months later, the freight has nearly doubled.

The spot freight of other LNG carriers also rose sharply in the past two months.

On June 10, spot freight rates for 160,000 cubic meters of LNG have soared to a year high of $97,500 per day, just one step below $100,000 per day. Also in April, spot freight rates for this type of ship were between $40,000 and $50,000 / day.

The spot freight for 145,000 cubic meters of LNG has more than doubled from $20,000-30,000 per day in April to $63,000 per day on June 10.

Spot freight rates for three LNG carriers with different cargoes hit a new high for the year, and long-term contracts are not far behind.

But the difference is that the surge in rates for long-term contracts came earlier.

Clarkson's research data shows that throughout February, the shipping rate of 160,000 cubic meters of LNG for a year was $70,000 to $80,000 per day, but by early March (11 Days), it soared to $115,000 per day. The same is true for the 174,000 cubic meters one-year LNG carrier, which has been below $100,000 / day for the whole month of February and soared to $155,000 / day on March 11.

Although spot freight rates for several ship types and 1-year long-term contracts have eased in the June 17 data, the sharp rise in spot and forward freight rates for LNG carriers in the past two months indicates that the market is changing.

Factors affecting freight forwarder daily basis meaning Freight transportation

In international freight transport, one of the most concerning issues is the price of freight transport. The cost is directly related to the cost of transportation. Because many exporters do not understand the price of transportation very much, and often have a lot of extra spending, then today to understand the factors of the price of international freight transportation?

Do You Need Freight Forwarders? DDP for World is a full-service and shipping forwarder dedicated to assisting our clients in focusing and growing their businesses. Send an Email to and get the latest freight price.

The transportation prices are different for different daily basis meaning

In the general international trade process, the price of transport according to different modes of transport, price is also different. International freight rates are divided into sea freight, air freight and rail freight.

The specific daily basis meaning freight rate can also be subdivided. For example, rail freight can be divided into passenger freight and freight. Shipping rates are also divided into tramp rates and liner rates. Tramp rates are also affected by market supply and demand relations at that time, while liner transport costs are relatively fixed. Airfreight can be divided into general goods, designated goods and special goods, and the specific transportation price is also determined according to the weight of transportation, at the same time, even if the volume is small, the weight is also counted by weight, but if the opposite is large, small weight, also according to the specific volume to calculate.

The choice of international logistics, the quality of logistics will affect the seller's store score, but also affect customer satisfaction rate.

Factors affecting the shipping price of daily basis meaning

In the process of international transportation, there are many factors affecting the price of transportation, in addition to some fuel and labor costs, there are many important factors. For example, the nature of the daily basis meaning, its own value and packaging form, as well as stowage factor and transporter's requirements for transportation, etc. There will be some fixed costs during the use of the ship, such as the ship's maintenance insurance and fuel consumption. There is also the change of supply and demand in the daily basis meaning market. In the transport off-season, transport prices are relatively low, in the transport of the peak season, transport prices will be relatively high.

Logistics advantages of the daily basis meaning in the destination country and region

In Eastern Europe, DHL has advantages in Romania, Bulgaria, Moldova, Hungary and other places while EMS has advantages in Greece, Russia, Turkey and other places. Western Europe, Northern Europe, southern Europe can use DHL international express, TNT international express, these two kinds of customs clearance capacity. TNT has a clear advantage in the Netherlands and Belgium.

For Canada, the United States and other American countries, FedEx, UPS and DHL are all suitable for their strong customs clearance capacity and fast time.

Applicable to Asia, South Korea, Japan, Thailand and other Southeast Asian countries DHL, FedEx. DHL and FedEx are time-saving, but THE price of DHL is higher. Indonesia also suggests USING DHL because it has a stronger customs clearance capacity.

In Oceania, DHL and UPS aging fast, with high prices; TNT and FedEx have lower prices but relatively few outlets. Particular attention should be paid to the "Made in China" label on the packaging of Australian products.

Middle East express ARAMEX, EMS for Middle East region. Commercial express in Africa is very expensive. In remote areas, IT is suggested to send EMS international express. EMS countries have the strongest customs clearance capacity. The air express daily basis meaning can reach many countries and regions that commercial express and postal express cannot reach, so the wide range of daily basis meaning transportation is its advantage.

Contact a professional freight forwarder- D DPFORWORLD - Professional freight forwarder in China

Do You Need Freight Forwarders from China ? DDP for World is a full-service and shipping forwarder dedicated to assisting our clients in focusing and growing their businesses. We do DDP shipping since 2015 by handling home décor, Pet products, battery, power banks, DG cargo, general cargo and Amazon FBA forwarding service. We make your shipping easier and faster by Sea, Air, Express, Truck or Railway. If you have any questions or needs about freight forwarder, please feel free to contact us, we will serve you wholeheartedly.


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