- The global active LNGC fleet grew to 401 vessels, up by two m-o-m
- 32 more vessels scheduled for delivery in 2015
- General vessel oversupply maintains pressure on spot charter rates ($24-30,000/day, down by up to 14% m-o-m)
- Revenue per vessel continued to decline in April and rates converged in their respective basins
- Charter market may find some respite from oversupply if up to 47 older vessels (25+ years) are scrapped or converted into FSRUs
- LNGC market moves towards increasing commoditisation of LNG – but risk in buyers and sellers consolidating market power through mergers
- Still, potential US-Europe LNG arbitrage could induce greater flexibility for traditional long-term Asian buyers
- Asian LNG accounted for 94% of demand growth in 2014
by Alexander Wilk // 29 April, 2015
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