The Iran-related conflict and a halt in Qatari production have caused global LNG shipping rates to surge to $300,000 per day and spot LNG prices to double as traders navigate disruptions in the Middle East and a stalled Strait of Hormuz.
It refers to how much the company owning the ship pockets for using the ship, per day. Wanna ship LNG from A to B (takes 7 days of sailing)? You pay that cost times 7.
$ per day is not a shipping rate.
How much is that in solar panels?
👆
How much is that in steel, cement, glass, petrochemicals and fertilizers?
It refers to how much the company owning the ship pockets for using the ship, per day. Wanna ship LNG from A to B (takes 7 days of sailing)? You pay that cost times 7.
How much LNG? 1 liter? 100 thousand tons?
$ per day is not a shipping rate.
You should read the article, OilPrice is usually one of the more useful outlets on the internet.