Bloomberg: Why Shippers are Turning to LNG-Powered Vessels
23 Sep 2015: “’We’re starting in Rotterdam; we anticipate that further hubs in Singapore and the U.S. will follow thereafter in a global network,’ Henderson said in a telephone interview, referring to industry trends and not just Shell’s own operations. The U.S. doesn’t yet have an LNG fueling hub, according to ship broker Poten & Partners Inc.
“…Fuel prices tied to Louisiana’s Henry Hub, the benchmark for U.S. gas, may soften the blow. While LNG contracts are historically linked to crude, adding U.S. supply to the market is creating more choice for shipowners, said Jason Feer, head of business intelligence at Poten & Partners in Houston.
“’We’re seeing greater diversity in LNG pricing mechanisms,’ Feer said by telephone. ‘People want to see some diversity in shipping fuel, and in the short- to mid-term, there’s likely to be quite a bit of LNG available at competitive prices.'”