LNG tanker spot rates recorded a 90% drop in the past two months -- an unusual decline even for the notoriously volatile LNGC spot market. A perfect storm of rising gas prices, lower supplies in North America and the Arabian Gulf, and strong fleet growth is proving to be a challenge in what should be a year of trade demand recovery. Marsoft's 2021Q1 LNG tanker market analysis looks at the fundamentals that will shape the market over the next five years.
Our Q1 LNG report was released on March 9.
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