Asia LNG to boost demand for tanker orders
Orders for liquefied natural gas tankers in the high with the supply of natural gas (LNG) from Qatar, Peru and the new three times the day rates for such ships is now pointing to the peak demand in 2014-15 after years of poor sales.
This has motivated the expansion in demand from Norway, Sweden and Greece, which flourished in the past months 3-6 after the slowdown in the past decade, with employment rates of shippers feeling growing days.
This has led to a new LNG supply from Qatar and Peru to increase the demand for the product to buyers in Asia and South America, stretching the capacity of the aging fleet, which puts upward pressure on prices and the availability of pressure is also linked to these carriers to longer routes.
Stimulate rates of today are the prices of spot LNG in Europe, $ 9 per million British thermal units (million units) compared to $ 15 in Asia.
Difficult times for the nuclear sector after the earthquake that hit Japan on March 11 and the tsunami have also been developed for natural gas (LNG) in the spotlight as an alternative fuel, and increased the reduced availability of tankers.
Doubled three times daily for rates of 110,000 / $ a day since mid-2010 as a result, with further increases expected later this year. set orderbooks swelling in the shipyards, South Korea to expand the solid phase of the fleet of liquefied natural gas in coming years.
Even after the current orderbook of 56 units is not enough to bridge the gap between supply and demand.
This is partly because dozens of aging tankers nearing the end of their productive lives.
It is said that the shipyards to hit the ability to deliver the 2013, with the increasing orders to shift the focus to 2014/15 which is the point of peak demand.
"Basics of LNG shipping in the sub is very good for mid-term outlook" , said Michael Rowley, Director of Business Administration in LNG shipping lines Mitsui OSK. The company operates about 20 percent of the world fleet.
"The upward trend in demand for shipping - I will remain positive for the next 12-18 months."
BIG Australian expansion
One risk to the outlook is rosy for the delay or cancellation of a large list of projects planned liquefied natural gas, particularly in Australia.
"As long as projects scheduled to come on stream, then there should be plenty of demand even with the 20 or so orders there is speculation" , said Rowley.
Great is the appointment of new production plants spread across the Australian coast to begin operation in 2015 for the employment of the tanker fleet expanded.
And provided that the basins and Australia in one leap more than double production to 42 million tons / year, which would virtually guarantee rates upward continuously.
More than 40-45 are needed for the transfer of Australian sizes of ships is expected by the year 2015, compared to 10/05 with the airlines that are currently linked only to those projects, according to an analysis of securities in the Arctic.
In a sign that demand in the future, South Korea announced a long-term agreements on Wednesday worth $ 84 billion company with Royal Dutch Shell and Total to buy gas from LNG projects in Australia.
Continued demand for natural gas (LNG) to improve despite the darkening economic background, a situation almost certain to reduce crude oil and European gas burning.
This is partly because of stable demand from Asian economies and South American and local rise in energy consumption.
Has been growing interest in natural gas (LNG) in the field of maritime transport more than the appearance of the major lenders are willing to ensure the coverage of these invasions, while reducing the demand for dry bulk and other shipping lines helped redirect investments to market the latest boom.
Confirms the dismal state of the crude oil tanker in the market, said Chief Executive Officer of Frontline, the world's independent tanker operator, told Reuters this week that there is confidence had reached its lowest level on record.
Banks are betting heavily on a revival in the fortunes of the shipping industry of natural gas (LNG), to the extent of support so I stayed speculation worth hundreds of millions of dollars.
These are deals where the airline planned cost of any direct or guaranteed returns of long-term contract.
DNB NOR Norway's largest bank in talks to finance up to $ 4 billion of new tanker built in the six months to December 31, 2011, due in part to the high number of speculative applications.
He rose and new building orders from shipyards in recent months, as provided by the Greek ship owners and some Scandinavian Jump to transport natural gas (LNG) for the first time.
The latest deal by a group of George Economou in Cardiff Marine LNG four takes the number of vessels ordered by Greece on the basis of the owners since the beginning of the year to 21. Many of the commands the last 25 are stayed speculation aims to reap the benefits of fat are increasingly returns leasing the spot market, where rates show little sign after running out of steam.
Swedish Stena Bulk shipper sees rates exceeding $ 130,000 / day this year before climbing on the back of further tightening to provide approximately the middle part of the contract.
In another sign of change, and banks are also part in the financing of speculators, which is a far cry from the peripheral position occupied by many of the past decade.
It is expected a few big downsides even new construction, like many of the ships that are replacing aging out of the service.
"The Greeks are investing in shipping due to high prices and the face of aging ships retirement comes as the new product in the market , "believes one source of shipment.
Between 55 and 62 tankers - nearly a fifth of the world fleet - is facing retirement in 2014 through the enactment of and against the backdrop of tightening safety regulations and environment which makes them less competitive in the work.
Tanker operators prepare for the impending crisis management capacity by converting a vector of aging in the more profitable and floating storage units returned and, where possible, activate the defunct carriers.
In the heart is a large spread between Europe and Asia, which is now leading the demand for new shipping capacity.
As long as traders see the benefit in the transfer of the east Atlantic shipping and production remain rare.
Downloads Nigerian serving increasingly as the best channel for the transfer of Atlantic quantities to buyers in Asia due to the spread of 6/MMBtu dollars that are up for grabs
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