”LNG chartering rates to drop as cargoes cancelled and new ships arrive”

TradeWinds | January 29, 2021

Extract from the article: “Atul Prasad Gupta, Assistant Director with our oil and gas practice, is featured in TradeWinds in a story on how gas carrier markets could play out after March.

“Asian producers are also starting to cancel LNG cargoes as the region's refineries come back on stream after winter maintenance….The record spot rates of $350,000 per day for tri-fuel diesel-electric (TFDE) carriers seen at the start of the year are unlikely to be repeated…

….This is a temporary disruption and is likely to normalize…Most of the buyers in Asia, they have started cancelling some of the cargoes scheduled for February and March because they see a delay in the cargo, and non-availability of ships, plus the charter rates are very high…There will be a reduced reliance of Asian buyers on Atlantic cargoes, cutting congestion in Panama..”

Latest News

Good Returns
How Robust Domestic Economy Propels Indian Equity Markets To New Highs?

Domestic Liquidity, Economic Growth, Equity Markets

Read More
Middle East Insurance Review
Boosting impact investment for insurers in MENA

ESG, Investment, MENA

Read More
Structured Credit Investor
Interest returning to CRE market as conditions improve

CRE, Market conditions, securitisation

Read More
INSIGHTS
Regulating the lenders: RBI’s focus on fair and transparent lending

Digital Lending, innovation, Lending Market

Read More
StrategicCHRO360
Commercial Property Executive
Bright Spots for CRE Investors

Read More