LNG carrier market weak to late 2014—Golar

摘要

Bermuda-based shipping company Golar LNG expects the LNG carrier market to remain weak until at least late 2014,as vessel supply continues to exceed liquefaction capacity. The continuing addition of newly built carriers to the market,combined with limited available production volumes because of unplanned outages in Egypt and Nigeria and a delayed start of production in Angola,led to a 2pc fall in global liquefaction production in 2013 on year-earlier levels,in addition to a 2pc year-on-year drop in 2012,Golar says.Argus LNG freight rates for east and west of Suez have been declin-ing gradually since July 2012 and were assessed at$56,000/d and$55,000/d,respectively,on 10 March.