LNG charter hire rates: Tightening seen from now on
Mar 15: The tightening in the LNG shipping market witnessed through the second half of 2016 is expected to carry through 2017 as significant new volumes from new plants commissioned through 2016 and 2017 will be lifted. 8These cargoes, coupled with an increase in short-term trading, will result in an alteration of the shipping balance as the growth in fleet supply, despite remaining strong, will still be below the growth in demand for required LNG tonnage. 8The spot chartering activity continued to grow as over 210 fixtures were concluded in 2016, compared with circa 180 in 2015. The outlook this year is bullish for this segment of the market. Click on our Prices section for our daily coverage of international LNG carrier hire rates. Also click on Reports for a general overview of the global shipping market.