LNG World News: Poten: vessel supply growth expectations weigh on LNG spot charter rates

10 May 2017: “Liquefied natural gas (LNG) spot charter rates could remain low throughout the entire year, largely due to the expectation of growth in future vessel supply, according to a report by the consultancy Poten & Partners”. “However, Poten & Partners note there are signs of a changing market which could result in spot charter rates rising from current levels.” “During the first quarter, global LNG trade grew by approximately 12 percent year on year. April data shows a continued growth with a possibility of LNG trade volumes reaching 296 million tons. Such trade figures demand 385 vessels, Poten & Partners say.” To read full article, click here.