In an increasingly dynamic LNG market, participants need a trusted benchmark to capture and manage freight price risk.
Argus’ LNG freight day rates are the robust and representative assessments that the industry needs for demurrage contracts, long-term charter agreements, and to settle financial instruments used for hedging, trading and inter-regional arbitrage.
To boost transparency in this crucial market, we are making two of our key day rates available to all in a weekly summary.
Laden day rates for tri-fuel diesel electric vessels ($/day):
Argus to launch new LNG Round Voyage Rates
From 25 October, Argus will publish LNG freight Round Voyage Rates for benchmark routes for tri-fuel/dual-fuel diesel electric (TFDE/DFDE) vessels. The Argus Round Voyage Rate (ARV) represents the amount payable by the charterer to the shipowner, expressed in $/day. Argus will consider for inclusion in the assessment lumpsum values, round-voyage day rates, and their components, including laden and ballast day rates and ballast fuel cost rates.
Argus Round Voyage Rates will be published daily for the following benchmark routes:
- ARV1: Australia-northeast Asia
- ARV2: USGC-northwest Europe
- ARV3: USGC-northeast Asia
Why TFDE rates?
Day rate assessments for dual- and tri-fuel diesel electric (TFDE) tankers, which dominate the spot freight market, capture the most liquidity and best represent the price risks inherent in chartering LNG vessels around the world.
Argus LNG Daily subscribers also receive assessments for steam turbine and two-stroke tankers.
Understand more about LNG freight rates and why Argus TFDE day rates are the benchmark that the market needs.
Get our answers to the most frequently asked questions, including how we assess freight rates and why a day rate is the right choice for a benchmark.
|Argus PA code||Bloomberg Ticker||Refinitiv RIC||Marketview Symbol|
|LNG freight day rate TFDE - east of Suez||PA0017305||FR31F237||LNGFR05=ARG||PA00173050PRPT|
|LNG freight day rate TFDE - west of Suez||PA0017304||FR31F236||LNGFR04=ARG||PA00173040PRPT|
|LNG freight day rate steam turbine - east of Suez||PA0009979||FR31F235||LNGDNAM4=ARG||PA00099790PRPT|
|LNG freight day rate steam turbine - west of Suez||PA0009978||FR31F234||LNGDNA3=ARG||PA00099780PRPT|
|LNG freight day rate two-stroke - east of Suez||PA0026362||NG23N150||LNFETEST=AVG||PA00263620PRPT|
|LNG freight day rate two-stroke - west of Suez||PA0026361||NG23N151||LNFETWST=AVG||PA00263610PRPT|
Argus assesses TFDE freight rates based on a survey of active market participants. Assessments are of the laden day rate for a standard, fungible vessel, offered cold for single-cargo fixtures beginning between five days after the date of assessment and the end of the following calendar month, with the following specifications:
- Vessel size: 155,000-165,000m³
- Dual-fuel diesel electric (DFDE) vessels are considered part of the TFDE assessment
- Typical boil-off: 0.1-0.125pc
- Ice-class carriers are excluded from the assessment
View the full methodology here.