Key LNG virtual event
One of the world’s main LNG shipping-focused conferences, Capital Link’s Annual New York Maritime Forum, is taking place on a virtual basis over two days on October 14-15. The event is organized in partnership with DNB ASA, Norway’s largest bank and in cooperation with Nasdaq and the New York Stock Exchange. Registration for the event is complimentary. The Forum has been held in New York City for the past 11 years and covers liquefied petroleum gas and LNG issues in the international shipping markets.
STX bunker ship plan
STX Offshore & Shipbuilding Co., the South Korean yard specialising in mid-sized ships and which is still suffering financial problems because of a lack of orders, said it completed the design of a 7,500 cubic metres capacity liquefied natural gas bunkering ship. “The design project was in cooperation with the government-funded Korea Research Institute of Ships & Ocean Engineering,” said STX. The Korean company in 2017 delivered Royal Dutch Shell’s first LNG bunkering vessel, the 6,500 cubic metres capacity “Cardissa”.
Spot charter rates rise
Shipping charter rates for LNG carriers in the spot market increased over the past week by up to $6,500 per day. Rates were quoted at an average of between $64,000 per day and $66,000 per day West of Suez and at rates of between $67,5000 per day and $69,500 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers.