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GAIL in a corner-III: Carrier rates are down for now
Nov 04:
Even though the medium to long term projection is that there will be a severe shortage of vessels, daily LNG carrier data carried in our pricing section shows, the rates have fallen sharply in the last few weeks.
8Day hire rates for standard LNG vessels in the Atlantic has seen a slide from $ 30,667 in the first week of September to $24,000 by the end of the month. Rates have been hovering at this level ever since
8There has been a similar fall in day rates in the Pacific as well
8Rates are down as Sabine Pass, Angola and Gorgon LNG terminals were closed for planned maintenance.
Click on our Prices section and in Reports for more
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8Day hire rates for standard LNG vessels in the Atlantic has seen a slide from $ 30,667 in the first week of September to $24,000 by the end of the month. Rates have been hovering at this level ever since
8There has been a similar fall in day rates in the Pacific as well
8Rates are down as Sabine Pass, Angola and Gorgon LNG terminals were closed for planned maintenance.
Click on our Prices section and in Reports for more
