LNG freight sector may be over worst

OVERCAPACITY and low freight rates will lead to independent shipowners abandoning liquefied natural gas shipping, hindering the further development of the spot and short-term market, a leading energy research and consultancy firm warns.

However, Wood Mackenzie also says the LNG freight market, which has recently been trading at historical lows of about US$25,000 per day, may be over the worst.
LNG shipping is suffering from surplus capacity created by a combination...

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