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FREIGHT: LNG Spot Freight Rates Starting to Pick Up: Flex LNG

FREIGHT
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The spot LNG freight market has been remarkably weak in 2025 so far, but rates are finally picking up as we are about halfway through the period where rates typically bottom out, Oystein Kalleklev, CEO at Flex LNG said via LinkedIn.

  • With the recent drop in European natgas prices, Flex LNG expects more cargoes to head to Asia, which should support the freight market.
  • Rates for modern 2-strokes are currently at $20k/d, well below historical averages.
  • The low rates have been due to pull cargoes to Europe shortening the voyage distance and a flurry of newbuild deliveries.
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Source: Flex LNG/ Oystein Kalleklev via Linkedin
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The spot LNG freight market has been remarkably weak in 2025 so far, but rates are finally picking up as we are about halfway through the period where rates typically bottom out, Oystein Kalleklev, CEO at Flex LNG said via LinkedIn.

  • With the recent drop in European natgas prices, Flex LNG expects more cargoes to head to Asia, which should support the freight market.
  • Rates for modern 2-strokes are currently at $20k/d, well below historical averages.
  • The low rates have been due to pull cargoes to Europe shortening the voyage distance and a flurry of newbuild deliveries.
image
Source: Flex LNG/ Oystein Kalleklev via Linkedin