Shipping cost of #LNG will remain at very low levels due to Oversupply

Hoeg Statement for LNG shipping
“Close to 40 percent of the LNG carriers with delivery in 2014 do not have a contract, and the short term-market for LNG carriers is consequently expected to remain oversupplied until 2016-2017…The current order book for LNG carriers is 125 vessels, representing 35 percent of the world LNG carrier fleet, and approximately 25 percent of these LNG carriers are without a firm contract.”

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