LNG in World Markets April 2021 The spot shipping market continues to recover from the lows it made over a month ago, with freight rates supported by a climb in LNG prices in the east and a TTF rally in Europe (see chart). Strong northeast Asian demand has kept the trans-Atlantic arbitrage open, further reducing shipping availability with much spot activity centered around eastern loadings for May and June (see market story). The arb staying open for US Gulf Coast cargoes to Asia has supported day-rates higher throughout the past two weeks. The arb remains open despite a $0.87/ MMBtu additional shipping cost to Asia compared to Europe and this will only continue to tighten shipping availability given round trips to Asia take twice as long as to Europe. To read the full article, click here.