Using VesselsValue data, Rebecca Galanopoulos Jones, explores the current trends in the LNG market. This article looks into the strengthening values, skyrocketing earnings, and record breaking rates of LNGs, following the recent sanctions of Russian oil. You can read the full piece here.
“LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, LNG rates peaked at a record high of 466,524 USD/Day, pushing up LNG values. Demand for LNG carriers has increased exponentially this year due to the energy crisis in Europe…” Read more.
“LNG values received a boost in November as earnings skyrocket once again, surpassing last year’s record breaking levels and rates. Rates peaked at 165,709 USD/day in mid November. High demand for LNG vessels, due to the energy requirements that cannot be met, combined with low fleet supply, has sent freight rates soaring…” Read more.
“LNG freight rate levels have been stratospheric this year, bringing up values for the entire fleet and this has also sparked an ordering spree across the LNG sector and a total of 162 new orders have been placed so far this year, an increase of c.63% year on year. The value of LNG newbuilding orders placed so far this year is USD 33,742.89 mil…” Read more.
