- 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
by Alexander Wilk // 29 February, 2016
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