LNG-Tanker Rates Doubling as Ship Glut Erodes: Freight Markets – Bloomberg

Low cost and environmental concerns are driving demand for natural gas resulting a doubling of freight rates.

Consumption of liquid natural gas (LNG) has increased 5.1% and prices haven’t rebounded like coal and oil. The increased demand is reducing the number of idle LNG tankers driving the average spot rates up to $70,000 a day.

LNG-Tanker Rates Doubling as Ship Glut Erodes: Freight Markets – Bloomberg.

Advertisements
This entry was posted in Maritime, Natural Gas. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s