Drewry: LNG trade, fleet heading into choppy waters

04/01/2013
Heating demand in major LNG importing regions fell in February. In addition, cargo availability tightened after a few unplanned shutdowns, leading to a 4% decline in Drewry Maritime Research's LNG Freight Index. In 2011-12, LNG shipping enjoyed a "dream run," said London-based Drewry, which tracks global vessel movements and trends in many industries. This trend was due largely to increasing tonne-mile demand and an "almost stagnant fleet." The LNG Freight Index is freight-rate assessments based on actual deals and market reports for a conventional 160,000-173,000-cu m LNG carrier less than 5 years old. Hire period for long-term freight rate assessments are for charter...
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