Fearnley: LNG Rates to Drop

Chartering prices of LNG carriers will be lower than anticipated due to plunging of fuel prices in Japan, Oslo-based investment bank Fearnley Securities AS said in a report, Bloomberg informs.

The average daily charter rates for modern carriers are expected to equal to $125,000 in the last quarter of this year, while in the first quarter of 2013 they will remain under $150,000. Based on Fearnley’s analysis, the older LNG vessels will earn $80,000 a day.

Fuel prices in Japan are about to hit their lowest ranks in the last three years, resulting in too high rates to profit from transporting LNG to Asia.

LNG World News Staff, September 21, 2012

Share this article

Follow LNG World News

One thought on “Fearnley: LNG Rates to Drop”

Comments are closed.

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018…

read more >

CWC Japan LNG & Gas Summit

The inaugural CWC Japan LNG & Gas Summit, with participation and support from METI, JERA, Tokyo Gas and IEEJ, is the dedicated platform for international suppliers…

read more >

Asia Pacific Maritime and Offshore Exhibition 2018

7 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia…

read more >

CWC 2nd Papua New Guinea Petroleum & Energy Summit

The 2nd CWC Papua New Guinea Petroleum and Energy Summit is held under the patronage of the Prime Minister of Papua New Guinea…

read more >