Benchmark LNG spot shipping rates east of the Suez Canal jumped to $130,000 a day on Oct. 9, according to Fearnleys in London. Enter your Email ID below and we will send you a link to reset your password. Access latest power news and analysis, conferences and events. Calculation of direct fuel consumption is fairly straightforward but the opportunity cost of LNG boil-off is also an important consideration. Given that context we are publishing an updated version of the article to address a number of developments over the last 5 years. around 14 knots running on boil-off alone compared to around 19 knots running on HFO or forced boil-off. Nunc faucibus felis nec commodo tincidunt. Prices may vary depending apon volume & location. By subscribing to our blog you consent to your submitted data being processed and stored by Timera Energy in compliance with our. Subscriber Notes can be received by Commodity Region, and Note Type. That is bringing the behaviour of cost components into sharper focus. © 2020 Natural Gas Intelligence. The rate for vessels shipping LNG from the Atlantic Basin to Asia has jumped to $90,000 to $95,000 a day this week from $75,000 a day at the end of August, brokers and traders said. A high proportion of new supply being commissioned over the 2016-21 period consists of flexible FOB cargoes (dominated by US exports). This simulation tool does not work with your browser. Platts LNG Daily explores every aspect from new LNG supply projects and contracts to gas pricing analysis. View our products & services to help choose the best solution for your natural gas news, data, and analysis. It may look simple, but Freightos’ international freight calculator leverages the world’s largest freight rate database, enabling accurate, up to date, and data-driven freight forwarding cost estimates in seconds. [Yes] I would like to receive S&P Global Platts promotional emails. LNG shipping and ballast rates, JKM, and bunker prices act as daily-assessed inputs for the calculation of modelled freight cost value, in $/MMBtu, for voyages from 16 different load ports to nine different discharge ports. For 45 years, Wilhelmsen Ship Management has been providing professional ship management services to the shipping community. These market heards contain as many details as possible about the fixture, including the name of the vessel and charterer. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Aenean velit tortor, luctus sit amet malesuada id, ornare sed turpis. Canal costs: Transit costs have to be paid for using the cross-continental Suez and Panama canals. Proin porttitor lorem ac leo sagittis, vel pretium augue rhoncus. Your registration is complete and your account is active. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. Mauris bibendum lobortis turpis eu tincidunt. The number of companies that actively contribute to the assessment process totalled over 38 companies as of May 2019. The assessments are compiled using market data collected from active market participants (including LNG ship owners, charterers and ship brokers) that is then published as "market heards” via the Platts real-time service, Natural Gas Alert (NGA). Quantity under uniform option must be lower than QDC and 12 000 GWh. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on Fusce consectetur felis mauris, non laoreet nisi lobortis vitae. WFR can help you or your business send anything from individual packages, boxes, or pallets, up to full containerloads, and more.