Platts clarifies vessel size reflected in Atlantic and Pacific LNG day rates

S&P Global Platts would like to clarify that it reflects Tri Fuel Diesel Engine (TFDE) LNG vessels of between 155,000 cu m and 180,000 cu m in its daily hire rates in both the Atlantic and Pacific basin, but may normalize any indications to a 160,000 cu m standard in line with the bulk of the LNG fleet.

Platts understands that the majority of TFDE fixtures in both the Atlantic and Pacific spot markets are done on a standard vessel size of around 160,000 cu m. Platts LNG day rate assessments reflect the daily hire rate for short-term hires loading 25 to 45 days forward from the date of the assessment. Platts does not reflect steam and 2-stroke vessels in its LNG day rate assessments.

Please send any comments or questions to shipping@spglobal.com, lng@splgobal.com, and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.