LMS_July-2016


Add to Basket £59.99 inc VAT


LNG Market Snapshot – July 2016

  • We expect at least 6 newbuilds to enter the market this year
  • The global LNGC fleet grew by 1 vessel to 428, the order book by 1 vessel to 133
  • General vessel oversupply further reduced fleet utilisation to 85.28%, further deliveries could reduce it to around 80%
  • However, the slight increase in layups was enough to lift the monthly average spot charter rate to $24,750/day, roughly in line with our 12-month target range of $25-35,000/day
  • Steam-powered LNGCs struggle to improve their charter rate prospects in light of oversupply of newer DFDE/TFDE competitors
  • Far Eastern LNG market in particular appears saturated with Japan and South Korea returning to nuclear
  • Bright spot offered by emerging Southeast Asian buyers such as India, Pakistan and Thailand, with significant energy supply gaps to be filled
  • Innovative supply models are being tested but will not necessarily benefit the spot charter market

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.