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Gas demand slowing down-VII: Chinese are on the look out for old ships
Jul 10: Depressed charter rates have stirred new interest in floating, storage and regasification units (FSRU) in Asia.
8Apart from much smaller initial capital outlay compared with an onshore terminal, FSRUs are quicker to bring supply on stream provided there are ready off-takers.
8Chinese ship owners are said to be looking at buying old carriers for conversion and chartering them out to city gas distributors, given attractively low valuations of some of these ships. Such carriers are typically 30 years and older with Moss containment system of 125,000 m³.
8Also see a cost comparison of FRSUs, converted or new, with onshore LNG terminals
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