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>

<< May 2015 >>
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

The 4th Annual Unconventional Gas & Oil Summit 2015

The unconventional Oil & Gas event for sharing strategic and technical best practice and solutions for the unconventionals industry…

read more >

Fundamentals of LNG

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

read more >

Fundamentals of Gas and LNG Contracts and Pricing

Fundamentals of Gas and LNG Contracts and Pricing – a professional development course by part-time study…

read more >

Gas Shipping Investment Conference

Gas Shipping Investment Conference 2015 is forecasting supply and demand dynamics and future investment opportunities in LNG and LPG shipping.

read more >