LNG vessel rates raise
AMID plummeting rates for most tanker segments, the liquefied natural gas carrier market is proving to be a bright spot with daily earnings up nearly 60% in the last couple of months.
According to MANA,LNG carrier rates have rebounded on a mix of growing LNG shipments incentivised by low gas prices, and tighter vessel demand on specific routes and vessels that is supporting the market. “India, Vietnam, Myanmar and Bangladesh are set to become key LNG demand hotspots in an oversupplied Asian LNG market. The region is somewhat of an outlier, due to the number of established emerging market buyers and organic LNG consumption growth,” BMI Research analysts said.