22-06-2018

BP seeks to lease LNG tanker for at least 9 months as day-rates rise

BP Shipping on Thursday notified the liquefied natural gas (LNG) market of its interest in leasing the British Ruby or its sister vessel for a minimum of nine months from Dec-Q1 2019, according to a note seen by Reuters.

BP invites expressions of interest for the LNG tanker by Friday.

LNG charter day-rates are at multi-year peaks amid growing incentives to divert Atlantic-produced supply east as major consumers led by China ramp up imports, lengthening ship journey times and tightening availability of vessels.

Daily charter rates in the Atlantic reached $85,000 compared to $65,000 in the preceding week.

Source: Reuters

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