LNG tanker dayrates double to $200K in less than a day - Bloomberg

[LNG tanker ship]
Sky_Blue/iStock via Getty Images

Shippers are demanding more than $200K/day [https://www.bloomberg.com/news/articles/2026-03-02/lng-tanker-rates-double-to-200-000-in-less-than-a-day-on-iran] for liquefied natural gas tankers in the Atlantic Basin, roughly double the amount obtained less than a day earlier, Bloomberg reported late Monday.

Those offer levels were at least triple [https://www.reuters.com/business/energy/daily-lng-freight-rates-jump-over-40-amid-mideast-strikes-spark-commodities-says-2026-03-03/] the previous assessed price for an LNG tanker by shipping firm Spark Commodities, which came in at $61.5K/day earlier Monday - which was itself up ⁠43% from from the previous day.

The surge in vessel rates has followed Qatar's shutdown of LNG production as the U.S.-Israel conflict with Iran began to spill across the Middle East region.

Transacted shipping rates - actual deals to lease vessels - are not likely to soar unless production cuts are prolonged in places such as Qatar and the U.A.E., Precision LNG Consulting's Richard Pratt told Bloomberg.

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ETFs: (BWET [https://seekingalpha.com/symbol/BWET]), (BOAT [https://seekingalpha.com/symbol/BOAT])

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