LMS_January-2016


Add to Basket £59.99 inc VAT


LNG Market Snapshot – January 2016

  • The global active LNGC fleet grew by 8 to 421 vessels whilst the order book has contracted to 137 vessels since November
  • General vessel oversupply has increased with the number of idled and laid-up vessels up by 38% since November
  • The pressure on spot charter rates remains with monthly average rates down by $1,300 to $23,700/day
  • More vessel lay-ups will be required to improve the average monthly rate
  • 48 newbuilds are expected to enter the market this year, including 10 delayed in 2015
  • The overall order book composition has become more speculative, potentially giving room for more substantial, and in our view needed, tonnage adjustments
  • Warmer weather weighed on LNG demand and pushed landed LNG prices below $5/mmBtu and could expand the roster of opportunistic LNG buyers

Please purchase or subscribe to this report to continue reading or log in if you have already done so.


Not yet a subscriber?
Subscribe and Save 20%

If you are interested in a corporate subscription, please contact us at admin@petrologica.com or call us on +44(0)1206 823 295.