2013 Clarksons LNG Shipping
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www.clarksons.com LNG MARKETS LNG trade pattern has changed and no longer regional but global Impact on shipping tonne miles increased so ballast legs longer New entrants encouraged by high rates but did not understand this was a temporary phase Market rates are already falling with more realistic expectations Fuel efficiency new emphasis on fuel economy 13 June 2013
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Clarkson report
Transcript of 2013 Clarksons LNG Shipping
www.clarksons.com
LNG MARKETS LNG trade pattern has changed and no longer regional but global Impact on shipping tonne miles increased so ballast legs longer New entrants encouraged by high rates but did not understand this was a temporary phase Market rates are already falling with more realistic expectations Fuel efficiency new emphasis on fuel economy
13 June 2013
www.clarksons.com
LNG TRADE PATTERN
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SPOT MARKET DEVELOPMENT Expansion of Trade Flows & Routes Growth in Spot Cargoes
Data Source: GIIGNL
Note: Spot and short term imports defined as contracts with duration of 4 years or less
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SPOT MARKET – REGIONAL TRADE Spot Term Trade - Share of total LNG trade Spot and Short term imports* - 2012
Data Source: GIIGNL
Note: Spot and short term imports defined as contracts with duration of 4 years or less * Excludes re-exports (in total re-exports reached 3.371 mil MT , of which 2.662 mil MT from Europe and 0.708 mil MT from the Americas
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LIQUEFACTION PLANT TYPES (2013-2017)
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LNG FLEET SIZE SINCE 2000
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LNGC DELIVERED AND ORDERBOOK BY YARD
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CONTAINMENT DISTRIBUTION
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MAIN PROPULSION TYPES ORDERBOOK
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LNG Fleet Age Profile Fleet by Year of Build
Data Source: Clarksons
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GLOBAL FLEET CONTRACTUAL UTILISATION
Note: “Contractual Utilisation Rate” – number of vessels contracted versus uncommitted tonnage
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IOCS TERM FLEET CONTRACTS
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GLOBAL FLEET BY CONTRACT LENGTH
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TRADING PATTERN OF LNG ORDERBOOK
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LNGCS DELIVERY VS ADDITIONAL PRODUCTION
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SUPPLY AND DEMAND - BASE CASE
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LNG OWNERSHIP
Data Source: Clarksons
13 June 2013
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CONVENTIONAL ORDERBOOK MAR ‘13
0 2 4 6 8 10 12 14 16
Maran GasGolarMOL
GaslogDynagas
Bonny Gas TransportChevron Corp.
China Energy TransportationCardiff Marine
SovcomflotHoegh LNG
ThenamarisNYKBW
AwilcoAlpha Tankers
Teekay ShippingExcelerate Energy
Brunei LNGTsakos
Oman Shipping
Number of vessels
Existing owners Owners who entered the market post 2010
Note: The above exclude FPSOs on order and vessels under 30,000m³ Data Source: Clarksons
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AVAILABLE SHIPPING
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SPOT MARKET TODAY
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ASSESSED MARKET RATES
