According to MANA, Both Chappell and Mavrinac released updated 2017 LNG shipping spot rate outlooks and introduced 2018 forecasts. Mavrinac estimated that LNG spot rates would rise 46% this year, to an average of USD45,000/day, then increase 16% in 2018 to USD52,000/day.
Chappell differentiated his rate outlook by vessel type, with older first-generation steam-powered carriers on one end of the spectrum and the new tri-fuel, diesel engine (TFDE) vessels on the other. He estimated that TFDE vessel spot rates in 2017 will rise 43% year on year to USD50,000/day, then increase another 20% in 2018 to USD60,000/day. In contrast, he believes 2017 spot rates for first-generation vessels will rise 34% year on year to USD27,500/day, then 27% to USD35,000/day the following year.