Awilco LNG says the spot charter market is at unsustainable levels

Tuesday, 24 May 2016

Norwegian shipping company Awilco LNG said that an oversupply of shipping in the carrier market, limited growth in trade and a reduced ton-mile ratio have combined to keep the LNG spot market at “unsustainable levels” for more than one year, both in terms of low utilization and depressed freight rates.

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