LNG

May 13 (LNGJ) - Shipping charter rates for LNG carriers in the spot market were unchanged in the past week, though still at high levels in the Atlantic and Pacific basins. Spot charters for West Of Suez were quoted at between $75,000 per day and $79,000 per day for vessels of 155,000-165,000 cubic metres capacity. In the East of Suez charter market average rates were at between $70,000 per day and $74,000 per day, according to various brokers. However, one-year charter rates for the most modern vessels have edged up £2,000 per day to around $77,000 per day.

Qatar Gas Transport Co., the Gulf nation’s shipping company, posted annual revenues of over US$1 billion as it acquired several more ships for the Gulf LNG exporting nation.

Feb 13 (LNGJ) – Shipping charter rates for LNG carriers in the spot market dropped again in the past week as demand declined again amid abundant supply. Rates were quoted at an average of between $53,000 per day to $58,000 per day West of Suez and $47,000 per day to $52,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters for vessels of between 155,000-160,000 cubic metres capacity were seen at around $68,000 per day.

As the adoption of LNG as a ship fuel continues to speed up, European maritime classification society DNV GL plans to commercially launch in April 2020 a new online bunkering platform to take operators from the order process through to delivery.

UK maritime security consultants, Dryad Global, reported an attack by a single speedboat with 10 armed men on-board on the liquefied natural gas carrier, “LNG Lokoja”, while the vessel was heading for the Bonny Island export plant in Nigeria.

Teekay LNG Partners, the US-listed tanker fleet owner and operator of about 50 LNG vessels, reported record net earnings after an eventful third quarter when it was briefly caught up in the Iran oil sanctions issue amid the delivery of more LNG newbuilds and ahead of the start-up by year-end of the Bahrain regasification project.

Sovcomflot, the Russian shipping line with 16 LNG carriers and an overall fleet of 142 vessels, said one of its LNG-powered Aframax crude oil tankers successfully completed a commercial voyage along the Northern Sea Route (NSR) from Russia to Asia.

The Teekay General Partners board overseeing Teekay LNG Partners and its fleet of almost 50 LNG carriers, has overhauled its board of directors to help tackle the evolving strategies in the shipping sector.

Teekay LNG Partners, the US affiliate of the tanker fleet owner and operator of almost 50 LNG vessels, said it secured charters on three LNG carriers at attractive rates and was preparing to start the floating Bahrain LNG terminal in the Gulf as it swung to a net profit from a previous loss.

Sovcomflot, the Russian shipping line, has organized financing for two new liquefied natural gas carriers to increase its LNG fleet to 16 vessels as Russia expands its presence in the sector with more projects.