What is LNG charter rates?

Flex LNG said there were less than 10 prompt available vessels by the end of September, highlighting the supply of LNG for export amid strong demand and depleted supplies of LNG carriers in the spot market. One-year charter rates are now $115,000 per day and $95,000 daily.

How much does a LNG ship cost?

A SSLNG carrier’s investment cost is higher per ton LNG compared to large scale LNG vessels. For ex- ample, the investment cost (CAPEX) for a 215,000 m3 LNG carrier is approximately USD 250 million, a 135,000 m3 LNG carrier is approximately USD 170 million, and a 28,000 m3 LNG carrier is approxi- mately USD 80 million.

How much does it cost to build a LNG ship?

around $200 million to $250 million
A new build LNG carrier might be expected to cost around $200 million to $250 million, which would typically require a charter rate of about $80,000- $100,000 per day to support capital and operating costs.

What is the capacity of an LNG tanker?

LNG carriers vary in cargo capacity, from 1000 to 267,000 m3, but the majority of modern vessels are between 125,000 and 150,000 m3. Smaller LNG carriers (1000–25,000 m3 capacity) also operate in some areas, such as Norway and Japan.

What is cost per $/ MMBtu to transport LNG LNG from us?

Rystad Energy estimates that the short-run marginal cost (SRMC) of US LNG exports to the Asian market has risen to about $5.60 per MMBtu as of June 2021, up 65% from $3.4 per MMBtu in mid-2020 and 30% higher than last year’s average of $4.30 per MMBtu.

How do LNG plants make money?

LNG tankers can make a profit just sitting offshore at present because the spread between the price of gas for delivery next winter and month-ahead prices is so wide they can make money from storage alone.

How long does it take to build a LNG ship?

Since it takes around two-and-a-half years to build an average sized LNG carrier, and because liquefaction capacity additions are expected to drop off at around the time most of the vessels now under order enter service, the LNG carrier market is likely to start loosening sometime around the early 2020’s, KNect365 said …

How much does it cost to charter an LNG tanker?

A paid subscription is required for full access. An LNG tanker with a 160,000 cubic meter storage capacity could be chartered at an average spot price of 59,300 U.S. dollars per day in 2020. This was a notable decrease compared to the previous year, with the global LNG tanker fleet having grown to 642 vessels at the end of 2020.

How profitable are spot rates for LNG shipping?

In contrast, spot rates for tankers carrying liquefied natural gas (LNG) are now highly profitable, with some vessels earning $125,000 per day. “The gains have become more significant over the past couple of weeks, and current rates are a stark improvement from [rates] seen this past summer,” said Clarksons Platou Securities on Monday.

Why Argus round voyage LNG freight rates?

The Argus Round Voyage (ARV) LNG freight rates are the robust and representative assessments that the industry needs for demurrage contracts, long-term charter agreements, and to settle financial instruments used for hedging, trading and inter-regional arbitrage.

How many LNG tankers are there in the world?

This was a notable decrease compared to the previous year, with the global LNG tanker fleet having grown to 642 vessels at the end of 2020. You need a Single Account for unlimited access.