Splash 247.com: LNG spot rates nosedive below breakeven

April 14, 2026: The UP World LNG Shipping Index lost 4.10 points (1.78%) in Week 15–2026, closing at 226.94 points, while the S&P 500 gained 3.56% — driven by optimism over a potential ceasefire with Iran. The UPI's decline reflects three converging factors: easing geopolitical tensions, the end of the winter season, and falling spot tanker rates. Atlantic rates stood at $89,750/day and Pacific rates at $73,000/day according to Spark Commodities. The ratio of gainers to decliners was 7:13, and trading volume was at average levels — though even that remains double the historical norm following the recent surge. Read or listen more...