Seapeak Orders Three LNG Carriers for Woodside Charter

extend for five years. This commitment reflects current market conditions, including high JKM prices near USD 18/MMBtu and reduced output at Freeport LNG. Woodside aims to secure dedicated shipping capacity amid shifting Pacific and Atlantic LNG trade flows caused by regional supply disruptions and geopolitical factors. For Seapeak, the long-term charter rates of $80,000–$90,000 per day justify the investment, marking a strong return compared to previous lower rates. The order contributes to the robust Korean shipbuilding market, which is projected to reach $38.8 billion in new orders in 2026, driven largely by LNG carrier demand.