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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 Research Analyst, Drewry Maritime Research

Gas shipping


Latest opinion: 19 Nov 2019

China continues to diversify away from US LPG
The recently concluded deal between China’s Wanhua Chemicals and Qatar Petroleum for LPG supply indicates the continued push by China to diversify away from US LPG in light of the US-China trade tensions.

14 Oct 2019: LNG shipping rates soar as sanctions hit vessel availability
LNG shipping rates have surged to $130,000pd currently from around $80,000pd at the end of September due to tight vessel supply and seasonal firmness in demand. Furthermore, the upward momentum in rates is expected to be maintained.

30 Sep 2019: LPG shipping largely unaffected by attack on Saudi Arabia
The recent drone attack in Saudi Arabia affected around 60% of the country’s LPG production. However, Saudi Arabia’s stockpile and increased exports from the US minimised the effect of the production cuts on the global shipping market.


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 Research Analyst, Drewry Maritime Research

Key Contacts

Navin Kumar

Navin Kumar

Director, Drewry Maritime Research
Aman Sud

Aman Sud

Senior Research Analyst, Drewry Maritime Research

Related News

Ship operating costs rise on higher R&M and insurance spend

Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, while costs are expected to continue rising at a similar pace in 2020, according to Drewry’s latest Ship Operating Costs Annual.

Manning costs to rise below inflation on easing officer supply shortfall

Manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, according to Drewry’s latest Manning Annual Review and Forecast.

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 22 Oct 2019


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 19 Nov 2019


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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