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Thursday, October 27, 2016

LNG-Tanker Rates Doubling, Ship Glut Erodes

February 16, 2011

According to a Feb. 16 report from Bloomberg, record demand for liquefied natural- gas is causing the decade-long glut of vessels that carry the fuel to disappear, doubling freight rates and at least tripling profit for shipping lines Golar LNG Ltd. (GLNG) and Exmar NV (EXM.BR).

(Source: Bloomberg)

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