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
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