LNG freight rates stable despite transit halt in Hormuz after renewed attacks
- LNG freight rates held firm this week despite renewed disruption to shipping through the Strait of Hormuz
- The rise in rates was modest compared with the sharp surge seen after the initial Hormuz blockade earlier this year
- Rates may soften in the coming months as emergency demand fades, buyers diversify energy supplies and seasonal weakness weighs on the market
The latest Hormuz disruption didn’t spook the LNG freight market, with analysts pointing to softer demand and seasonal weakness as downside pressure
