Bloomberg: Morgan Stanley Ship Hauls Frozen Gas 14,500 Miles to Tokyo

“A liquefied natural gas tanker hired by Morgan Stanley, the bank that ships the most commodities, is hauling a cargo about 14,500 miles from the U.S. to Japan, where the fuel fetches almost seven times more. The Arctic Spirit, owned by Teekay LNG Partners LP (TGP) and on a long-term charter to Morgan Stanley, left Sabine Pass, Texas, on Feb. 23 . . . One million British thermal units of LNG costs $17 in Japan and $2.62 on the U.S. Gulf Coast, according to February data from New York-based shipbroker Poten & Partners Inc.”