Fearnley: LNG Rates to Drop

LNG

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>

<< Jul 2015 >>
MTWTFSS
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 1 2

7th World LNG Series: Asia Pacific Summit 2015

The World LNG Series: Asia Pacific Summit is the largest international strategic LNG Summit in the Asia Pacific region…

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas sector from IBC Academy…

read more >

LNG Mini MBA in Project Development

CWC School for Energy to hold an LNG mini MBA in Project Development in London, UK…

read more >

Gas Mexico Congress & Exhibition

Gas Mexico Congress & Exhibition connects the natural gas community across the Americas by providing a forum at which business and technical…

read more >