Marine Link
Friday, April 19, 2024

LNG-Tanker Rates Doubling, Ship Glut Erodes

Maritime Activity Reports, Inc.

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. and Exmar NV.

 
 
(Source: Bloomberg)

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week