Add to Basket £59.99 inc VAT

LNG Market Snapshot – February 2016

  • The global active LNGC fleet grew by 1 to 422 vessels whilst the order book has contracted to 138 vessels since November
  • A data availability lag resulted in January’s order book to be underreported by 2 vessels
  • General vessel oversupply maintains pressure on spot charter rates, which remain within our 12-month target range of $25-35,000/day
  • 47 newbuilds are expected to enter the market this year, including 10 delayed in 2015
  • More vessel lay-ups will be required to improve the average monthly rate
  • FSRU market could provide alternative to idling or laying-up unemployed LNGCs
  • FSRU model as a ‘quick fix’ for energy short economies frequently results in robust daily rates over long charter periods

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.