Commodity Market Report

Global LNG shipping - costs 2020

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Coronavirus and low oil prices have helped put downward pressure on most areas of LNG shipping costs. - Spot/short-term charter rates have been on a roller-coaster in the last three years - Covid-19 has put newbuilding prices under downward pressure in 2020 - The fall in oil prices has wiped out price increase of switch from fuel oil to IMO 2020 compliant fuels - Panama Canal tolls for LNG were increased 8% for 2020 - Suez Canal tolls reduced 5% temporarily from April 2020 Costs are low and it remains far cheaper to trade LNG than it has been at almost any point in the history of LNG shipping.

Table of contents

  • Short-term charter rate history
  • Short-term charter rate outlook
    • Operating costs
    • Bunker prices
    • Canal tolls
    • Ship cost matrix assumptions
  • Panama Canal

Tables and charts

This report includes 9 images and tables including:

  • Spot/short-term freight rates to Japan
  • Spot/short-term freight rates to NW Europe
  • LNG ship newbuilding price v. number of orders
  • US Gulf export shipping costs
  • US Gulf-Japan ship cost breakdown via Panama C.
  • Yamal shipping costs by month
  • Re-export shipping costs from NW Europe
  • Re-export shipping costs from SW Europe
  • Summary of major assumptions

What's included

This report contains:

  • Document

    ship_costs_summary_charts_2020.xlsx

    XLSX 192.13 KB

  • Document

    Shipping Cost Matrix_2020.xlsx

    XLSX 23.70 MB

  • Document

    Global LNG shipping - costs 2020

    PDF 885.98 KB