LNG

Clarkson Plc, a London-based provider of integrated maritime services from offices in 24 countries and investment banking to the shipping and offshore markets, reported an 8 percent rise in earnings and gave an upbeat report on the LNG sector.

“On the very prompt, charterers were willing to pay almost any price to secure a vessel. Specifications no longer seemed important, but rather any vessel was considered against the most lucrative arbitrage we have ever seen in the LNG market,” so recalled one shipbroker headquartered near the Tower of London of last month’s events.