Winter LNG Boom Creates Most Expensive Cargo Ships in History
- BP chartered LNG vessel for $350,000 a day for U.S. cargo
- The deal represents highest for any ship ferrying commodities
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An unprecedented shortage of liquefied natural gas tankers has made them the most expensive ships ever hired to ferry commodities.
Spot rates have more than tripled in the past month, with BP Plc last week paying $350,000 a day to charter an LNG tanker to pick up a cargo from the U.S. The previous high for any kind of commodity carrier was set in late 2019 when a crude supertanker was booked for daily earnings of $308,000, according to data compiled by Clarkson Research Services Ltd., a unit of the world’s biggest shipbroker.