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and it not just the consequence of Fukushima

von am 08.04.2013


canada goose LNG shipping boom not running out any time soon canada goose

canada goose clearance OSLO/PERTH, buy canada goose jacket cheap March 12 (Reuters) Freight rates for liquefied natural gas, the super cooled commodity in red hot demand as buy canada goose jacket the world struggles to replace lost nuclear capacity, will stay elevated and volatile at least through 2014, shipping insiders uk canada goose said. canada goose clearance

Canada Goose Outlet LNG is one of the few profitable sectors in the shipping industry, in contrast to dry bulk and tanker markets, which continue canada goose uk shop to suffer from oversupply and funding difficulties. Canada Goose Outlet

canada goose store The LNG vessel cheap canada goose uk fleet will be running near full capacity over the next several years as Asian demand soars, driving up tanker earnings after years of poor demand. canada goose store

canada goose black friday sale Many of the latest uk canada goose outlet orders for new tankers are speculative punts designed to reap the benefits of increasingly fat chartering returns. canada goose black friday sale

cheap Canada Goose The handful of shipyards that can build the highly specialized LNG vessels are fully booked through 2014, and the new vessels on order canadian goose jacket will be barely enough to handle output from a slew of LNG production projects either coming on line or up for Canada Goose Outlet final investment decisions. cheap Canada Goose

buy canada goose jacket cheap Close to a canada goose coats on sale tenth of the LNG fleet is also ripe for scrapping, so shipping firms are bound to take capacity off the market if prices ease significantly. buy canada goose jacket cheap

is simply in high demand. and it not just the consequence of Fukushima, said Jon Skule Canada Goose Online Storheill, chief executive officer of Norway LNG tanker operator Awilco LNG. Korea, there Canada Goose online Taiwan, this market is just strong. Gas is clean, it available and it cheap.

Short term charter rates reached a peak of $160,000 per day in recent months, due in great part to a jump of around 12 percent in Japanese gas demand as the country replaced nuclear capacity shut after last year Canada Goose Coats On Sale earthquake and tsunami.

Rates have since eased back to the $125,000 $140,000 range, still an astronomical figure compared with $37,000 canada goose black friday sale in 2010.

may not see it going Canada Goose sale back to where it been. The $150,000 $160,000 level was probably canada goose coats the peak, but that doesn mean it will fall as the market will remain tight for at least the next 18 months, said Andy Flower, an independent canada goose uk black friday energy consultant.

Newly built vessels will ease some of the price pressure but add to charter rate volatility.

Canada Goose Parka Two thirds of the vessels on order are uncommitted, a big change for an industry used to low risk, long term commitments, says Peter Illingworth, a managing director for DVB Bank SE. Canada Goose Parka

buy canada goose jacket new is the ordering of the vessels canada goose coats on a flexible basis without any fixed route and many of those vessels which have been ordered canada goose without any fixed route also don have charters yet, Illingworth said. buy canada goose jacket

canada goose coats The rising popularity of short term charters and the increasing role of brokers also force the rest of the sector to cut charter periods and move to shorter contracts, said Patrick De Brabandere, chief operating officer of Belgian natural gas shipping company Exmar. canada goose coats

canada goose clearance sale Brokerage Carnegie estimates that LNG shipping capacity utilization will jump to 98 percent this year from last year canada goose factory sale 90 percent and remain in the 96 98 percent range through 2015. gas prices below $3 per mmBtu, a bargain compared with canada goose uk outlet the Asian spot price of $15 per mmBtu LNG AS. canada goose clearance sale

Canada Goose sale That is pushing gas firms to https://www.canadagoosesale.info find ways of getting the gas offshore. Seven export plants are proposed to come online within the next three to five years, a potential huge opportunity for LNG shipping firms. Canada Goose sale

canada goose deals a huge potential in export from 2016 onward. Even just one or two (projects) would be a shift in the canada goose store market, said Brian Tienzo, chief financial officer of Norway Golar LNG. canada goose deals

Canada Goose online In 2012, traded volumes are seen rising by 6 to 8 percent while shipping capacity is broadly unchanged as scrapping offsets new vessels coming on Canada Goose Parka the market, although operators may be tempted to extend vessel lifespans. Canada Goose online

Pareto Securities sees a need for an additional 175 vessels by 2020, while Fearnley Fonds, which specializes in the shipping sector, said at least this many would be needed by 2017, with the figure rising to 220 if all planned capacity comes online.

canadian goose jacket Newbuild orders total just over 60, so by any calculation, over a 100 more vessels must be ordered just to keep the market precarious balance. canadian goose jacket

percent of the fleet cheap Canada Goose is very old and ripe for scrapping, so if you see rates come down, many of those vessels will be pulled from service, Maria Bitri, an LNG shipbroker for Clarksons said.

canada goose coats on sale The big risk to shipping firms is production delays. canada goose coats on sale

Canada Goose Jackets carriers have always been Canada Goose Jackets delivered on time and on budget, and history shows liquefaction is always a bit late, Sveinung Stoehle, chief executive of canada goose clearance Hoegh LNG said. Canada Goose Jackets

Indeed, the two big projects due to come on stream in 2012 Australia 5.7 bcm per year Pluto export terminal and Angola 5.2 bcm per year terminal have both faced or are expecting potential canada goose clearance sale delays. (Additional reporting by Oleg Vukmanovic, editing by Jane Baird).


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