clarkson research services shipping review and outlook

natural gas and ship it to Europe stand to profit $133 million for just one cargo, which is 74% of the value of a five-year-old TFDE carrier.” Based on last week’s cargo prices, traders who can buy U.S. “LNG carrier rates remain on a strengthening trend, with activity levels picking up as we approach the winter months,” said Omar Nokta, shipping analyst at Jefferies.Īccording to Mørkedal, “Charterers … have every motivation to pay top dollar for vessel hires. Rates for both tri-fuel and two-stroke carriers have jumped over 60% in the past month, to levels usually reached in November. Source: Clarkson Research Services, Clarksons Securities) Rates have not been this high since December. More efficient two-stroke-engine LNG carriers - known as MEGI or XDF carriers - were assessed at $170,000 per day. “The LNG shipping sector is booming,” said Clarksons Securities analyst Frode Mørkedal.Īs of Tuesday, Clarksons put spot rates for benchmark tri-fuel diesel engine (TFDE) LNG carriers at $101,700 per day. LNG continues to flow to Europe, but ship-position data shows more vessels on long-haul runs to Asia than earlier this year. LNG shipping is being heavily impacted by the Ukraine-Russia war, which dramatically increased demand for shorter-haul voyages from the U.S. As this summer comes to a close, tanker rates are already up to levels typically seen when snow is falling. In a typical year, winter demand in the Northern Hemisphere pumps up rates for tankers carrying crude oil, refined products and liquefied natural gas.

Clarkson research services shipping review and outlook