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LNG Market Snapshot — September 2015

  • The global active LNGC fleet grew to 410 vessels, 21 more vessels scheduled for delivery in 2015
  • General vessel oversupply maintains pressure on spot charter rates with a current floor rate of $23,000/day
  • Idle shipping capacity creates conditions for new LNGC ship owners to grow fleet capacity through cheap second-hand acquisitions
  • Golar LNG, Dynagas and Gaslog in new LNGC charter pool venture to simplify charter business
  • Slow LNG market toughens conditions of some traditional LNG importers, most notably Spain
  • However, there is an opportunity to improve Spanish gas market integration with the rest of Europe

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by Alexander Wilk // 29 September, 2015

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