26 April 2024
LNG shipping rates in 2012 set to remain high
Publication date: 01 March 2012
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
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In visual_editor011, there was a significant increase in demand for LNG vessels which resulted in a marked increase in short-term charter rates. Rates for modern vessels averaged around $95,000/d, more than double the visual_editor010 rate of $40,000/d. This trend has continued through into visual_editor01visual_editor. LNG Business Review investigates the reasons behind the hike in charter rates, highlighting changing trends in the structure of the short-term market.