Avista received approval from the Washington Utilities and Transportation Commission (UTC) on the multi-party settlement agreement that was filed with the UTC on October 19, 2012, concluding the company’s electric and natural gas rate request filed on April 2, 2012. New rates will take effect on Jan. 1, 2013 and Jan. 1, 2014. The approved [...]
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 [...]
September 21, 2012 | Posted in
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Spot rates for liquefied natural gas tankers rose to $150,000 per day this month, Reuters reported, citing Drewry Shipping analyst. “The LNG freight market is currently quite strong due to increasing LNG demand in both Europe and Asia and less availability of prompt available tonnage,” LNG shipping analyst Pranay Shukla at Drewry Shipping Consultants said. [...]
January 17, 2012 | Posted in
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Shipping rates of liquefied natural gas for a period of 12-months or more rose to a record, Bloomberg reported, citing an analyst at Morgan Stanley. A.P. Moller-Maersk, hired out LNG tanker Maersk Methane for three years at $140,000 a day, Ole Storer, a Morgan Stanley analyst said. Morgan Stanley said one-year hire rates for 150,000 [...]
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![Lorentzen Says LNG Tanker Rates to Rise on Trinidad Cargoes]()
Demand for tankers that haul liquefied natural gas is set to climb as much as 3 percent as Trinidad and Tobago ships more cargoes to Europe… (bloomberg) Source: bloomberg, November 15, 2011
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![Drewry: October Spot LNG Rates Jump]()
The cost of shipping supplies of liquefied natural gas under short-term, or spot, contracts almost tripled in October compared with a year e… (bloomberg) Source: bloomberg, November 8, 2011
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![LPG Charter Rates Going Up]()
Record liquefied-petroleum-gas shipments are eroding a glut of the tankers hauling the fuel used in stoves, cars and lighters… (bloomberg) Source: bloomberg, October 18, 2011
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![South Korea Raises Domestic Gas Rates]()
South Korea raised domestic gas rates by 5.3 percent on average on Monday in a move to reflect higher import costs of liquefied natural… (reuters) Source: reuters, October 11, 2011
![August Spot LNG Rates Climb, Drewry Says]()
Rates to ship spot, or short-term, supplies of liquefied natural gas more than doubled in August … (bloomberg) Source: bloomberg, September 15, 2011
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![LNG Tanker Insurance Rates Going Up]()
The cost of insuring liquefied natural gas (LNG) tankers has risen as naval containment of piracy fails and surging global demand spurs traf… (arabianbusiness) Source: arabianbusiness, September 8, 2011;
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