The number of LNG carrier newbuildings placed this year is forecast to hit the half century mark, according to one South Korean analyst.
“We raise our 2018 global LNG order forecast from 40 to 50 vessels,” said NH Investment & Securities analyst John Yu.
“Thanks to the growing dependence of China on LNG spot markets, short-term charter rates should remain strong through 2020, a positive for the LNG carrier market.”
