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LNG Market Snapshot — May 2015

  • The global active LNGC fleet grew to 404 vessels, up by two m-o-m
  • 29 more vessels scheduled for delivery in 2015
  • General vessel oversupply maintains pressure on spot charter rates ($23-32,000/day, down by up to 8% m-o-m)
  • Revenue per vessel continued to decline and rates remain converged in their respective basins
  • A floor rate appears to have been established at US$ 23,000/day
  • LNG demand remains behind available supply as oil struggles to lift itself above the US$65/bbl mark
  • Potential US-Europe LNG arbitrage could boost emerging small-scale LNG trade and bunkering in Europe

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