The new drivers behind supply and demand in LNG shipping
As another year draws to a close, its another paper from me using our proprietary analytics platform, LNG EDGE, to quantify some new drivers in the LNG shipping market.
Rates near $200,000/day recently took many people by surprise. Aside from the usual predictable suspects (higher than anticipated granular growth in the number of loadings needing to be shipped), people could not have have properly factored in the extent to which cargoes floating on the water exerted a strain on available shipping. Yamal LNG's thirst for conventional shipping (making up for a lack in its specialised fleet) on the back of its rapid 16.5+mtpa ramp up was also a factor as was the perennially interesting variability in US distance to market. But it was the number of LNG carriers, bearing greater resemblance to oil tankers, waiting for weeks before discharge that for me is most interesting.
For more details you'll have to download the free paper.. https://bit.ly/2UWmNyt
Happy to answer any questions. In the meantime, wishing you all merry christmas and a very prosperous 2019 to come!
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