By Mike Wackett (The Loadstar) – LNG delivers the best return on investment (ROI) for container shipping lines, according to a new study, commissioned by the collaborative industry foundation SEALNG. The study analysed the case of a newbuild 14,000 teu vessel deployed on the Asia-US west coast...
By Dan Murtaugh (Bloomberg) — So you want in on China, the world’s fastest-growing gas market? It would have been virtually impossible last decade. The only gas seen in China was pumped from its own wells and sold at prices strictly regulated by the government. Today, things are vastly different as...
By Naureen S. Malik (Bloomberg) — Wearing a hardhat and orange vest, Ari Aziz climbs metal steps under a blazing sun until he’s standing atop an 180-foot-high tank in Corpus Christi, Texas. It’s big enough, he proudly points out, to hold a jumbo jet placed diagonally. Aziz is supervising more than...
Spot day charter rates for LNG carriers have hit their highest levels since mid-2012 on the back of low prompt availability of vessels in both the Atlantic and Pacific basins.
This week, S&P Global Platts assessed Pacific and Atlantic day rates for LNG vessels at $140,000/day and $130,000/day, respectively, up 40% since mid-September, and nearly 3.5 times higher than a year ago when rates were still around $40,000/day.
The surge in rates indicates that LNG supply is growing faster than new ships...
http://blogs.platts.com/2018/10/19/lng-shipping-spot-rates-hit-250000-day/