First Atlantic LNG freight swap trade concluded as Affinity arranges further deal: Traders JERA and Vitol first to use Baltic Exchange assessment to hedge Sabine – Tokyo freight rates

LNG traders JERA Global Markets and Vitol have executed the first Atlantic LNG freight swap against The Baltic Exchange’s BLNG3 assessment in a bilateral trade arranged by Affinity Financial Products LLP. The BLNG3 assessment provides a freight rate benchmark for LNG shipments between Sabine Pass and Tokyo. The benchmark is on a time charter equivalent …