LNG carrier rates set to rebound as Hormuz disruption stretches voyages
- Prompt LNG carrier rates are rising again as summer demand in Asia lifts chartering interest and tightens tonnage availability for June and July
- Disrupted Middle East supply is lengthening voyages, with longer-haul routes increasing tonne-mile demand
- Analysts warn the rally is exposed to geopolitics, with return of Hormuz volumes potentially easing supply tightness and weighing on rates
A summer scramble for alternative LNG cargoes triggered by the Hormuz blockade could drive another round of increases in shipping rates