Since May, the LNG shipping market has tightened considerably. Our assessment for spot rates for a 160,000-cbm, tri-fuel vessel increased from $40,000 per day to about $140,000 per day. A modern ship with XDF or MEGI engines, if available, is achieving even higher rates. Additionally, all vessels are spending less time off hire, resulting in the best returns since 2013.
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Do not burn fingers in today’s red-hot LNG shipping market
Poten & Partners chairman emeritus Michael Tusiani argues that LNG shipowning is becoming 'increasingly risky'
1 November 2018 18:00 GMT
Updated
31 October 2018 13:53 GMT
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