Drewry: LNG rates will face pressure in 2016
There is no prospect of increasing rates in the LNG segment this year. Accelerating fleet growth and shifting trade patterns, which signal an overall decline in ton/miles, will reduce demand for LNG vessels, Drewry assesses.
BY CHRISTIAN BARTELS
Improved rates are not to be expected in the LNG segment in 2016 if analyst agency Drewry is correct in its observations. An accelerating fleet growth as well as an internal displacement in the market is lowering the ton/mile demand to such an extent that the balance between supply and demand will keep rates under pressure.
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