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Gas Shipping

Gas Shipping


October 2019: LNG shipping rates soar as sanctions hit vessel availability.

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Overview

Advisory expertise

Related Research

Key Contacts

Navin Kumar

Navin Kumar

Director, Drewry Maritime Research
Aman Sud

Aman Sud

Senior Lead Analyst, Drewry Maritime Research

Gas shipping


Latest opinion: 29 Jun 2021

Asia's summer, Europe's winter create explosion in LNG market
The current LNG market scenario with high LNG demand in Asia and low storages in Europe indicates a ’summer with all attributes of winter’. The statement holds weight with spot LNG prices seven times higher than in 2020 while LNG shipping rates have doubled in June 2021 from last year.

09 Jun 2021: Can 'green ammonia' be the future marine fuel?
The IMO’s emissions reduction targets for 2030 and 2050 have set the stage for all marine fuel candidates to bag the title of ‘carbon-efficient fuel’. LNG and LPG are the front-runners, thanks to their well-established markets and low sulphur content. However, with the evolution of decarbonisation goals, their position is challenged by new greener fuels such as hydrogen and green ammonia.

26 Feb 2021: US cold blast pulls LPG shipping rates further down
LPG shipping is expected to face more headwinds in 2021 after a volatile first two months of the year. As we move deeper into 1Q21, China’s LPG demand has resumed after the Lunar Holidays in early February, aiding the plunging rates to find some floor. However, the cold wave in the US and further production cuts in the Middle East will squeeze LPG supply in 1H21; this will put downward pressure on LPG shipping rates.


A watchful eye on both the LPG and LNG shipping sectors

Our gases shipping practice is highly respected in the industry and is regularly followed and referenced in both industry and mainstream media. The team is responsible for maintaining extensive information resources and conducting weekly, monthly and annual analysis on the sector and assessing the impact of macroeconomic as well as regulatory and environmental change on the sector. 

In addition to detailed market analysis and rigorous forecasting, we offer market leading analysis of both LPG and LNG shipping markets, covering all the principle vessel categories, as well as appraisals of shipping finances, including pricing, operating costs, vessel values and investment returns. We challenge conventional wisdom through our deep understanding of the trade dynamics driving demand for different vessel types in all corners of the world.

Our consultants typically provide commercial due diligence for investors and lenders and market entry strategies, including financial analysis, to shipowners and operators. Meanwhile, our team of financial research specialists provides actionable insight on the leading LPG and LNG shipowners. 

An elite and diverse group of industry stakeholders from shipowners, to charterers, port authorities, investors and financial intermediaries rely on our range of weekly, monthly and annual market research, sector expertise and commercial experience to help inform decisions, reduce costs and drive performance improvement.

Key Contacts

Navin Kumar

Navin Kumar

Director, Drewry Maritime Research
Aman Sud

Aman Sud

Senior Lead Analyst, Drewry Maritime Research

Key Contacts

Navin Kumar

Navin Kumar

Director, Drewry Maritime Research
Aman Sud

Aman Sud

Senior Lead Analyst, Drewry Maritime Research

Related News

COVID-19 drives up ship operating costs

Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drewry’s latest Ship Operating Costs Annual Review and Forecast.

Drewry launches exclusive membership Club as part of 50th year celebrations

As part of celebrations to mark our 50th anniversary, we have introduced an invitation only membership club for our advisory clients and long-standing subscribers of our maritime research services.

Advisory Expertise

Advisory services for the gas shipping sector

Advisory services for the gas shipping sector

We offer specialist advisory services to support your operational, planning, strategic and investment needs. As well as operational and technical due diligence services we also conduct bespoke market analysis, financial modelling and feasibility studies to support the commercial and strategic objectives of owners and operators, government agencies, lenders and investors with interests in the sector.

Case Studies

Benchmarking of LNG fleet operating cost and earnings

Drewry presented a detailed overview of LNG shipping market and benchmarked the client’s fleet against international standards of operating costs and manning. 

LPG and LNG terminal feasibility study

Drewry conducted a full LPG and LNG market overview of Indonesia and assessed the LPG and LNG terminal infrastructure of the country, including FSRUs.

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LNG Forecaster (Annual Subscription)

LNG Forecaster (Annual Subscription)


Quarterly In-depth Market Forecasts · Latest release 28 Jun 2021


As well as analysing recent trends and market conditions, LNG Forecaster explores up-coming issues and developments and assesses their impact on the sector globally. All quarterly report updates are accompanied by tables and charts in MS Excel format. This Forecaster annual subscription package now includes FREE Monthly Supplements.

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LPG Forecaster (Annual Subscription)

LPG Forecaster (Annual Subscription)


Quarterly In-depth Market Forecasts · Latest release 18 Aug 2021


Our quarterly LPG market forecaster provides a robust evaluation and outlook for the market from a shipping perspective. It also provides the usual detailed assessments of charter market activity, freight rates and vessel supply and demand. All quarterly report updates are accompanied by tables and charts in MS Excel format. This Forecaster annual subscription package now includes FREE Monthly Supplements.

Learn more

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Company

Type of Report

Date

Download

Nakilat - Company update - September 2021

Financial Research Report01 Sep 2021Learn more

Golar LNG 2Q21 - Company update

Financial Research Report25 Aug 2021Learn more

LPG shipping stocks - What lies ahead?

Event Update18 Jun 2021Learn more

BW LPG 1Q21 - Result update

Financial Research Report28 May 2021Learn more

Qatar Petroleum’s tender for future LNG ships - How do potential returns compare?

Event Update08 Apr 2021Learn more

LPG shipping rates - The rise... and the fall

Event Update19 Feb 2021Learn more

Nakilat 4Q20 - Result update

Financial Research Report11 Feb 2021Learn more

Why are LNG shipping stocks retreating after a brief surge?

Event Update29 Jan 2021Learn more

Nakilat - Solid revenue backlog drives resilient earnings

Financial Research Report26 Nov 2020Learn more

Dual-fuel LPG propulsion - A smart decision or a premature move?

Event Update12 Nov 2020Learn more

View more