Mark Adeosun

LNG carrier

Will New LNG Trade Routes Support Demand for LNG Carriers?

By Mark Adeosun 2017-08-08 21:08:30

The LNG carrier market has been highly cyclical and is often driven by global macroeconomic events. The growth of LNG carriers over the past decade has been synonymous with the growth in global LNG import and export capacity. However, in recent years the increase in LNG cargos hitting the market has led to an oversupply problem, causing a significant decline in LNG spot prices.  This oversupply has heavily impacted the LNG carrier market resulting in appetite for newbuild carriers to...

Continue Reading...
More News Stories