Insight

NE Asia LNG demand slump hits shipping hard

Get this report

$1,050

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

01 July 2016

NE Asia LNG demand slump hits shipping hard

Report summary

 Falling LNG demand in the traditional major LNG markets of Japan and South Korea, and slower than expected demand growth in China, is particularly bad news for LNG shipping. This is because alternative markets tend to be closer to LNG supply sources requiring less ship capacity to get the LNG to market. Even without lower demand in NE Asia, demand for shipping would have been hit by the start up of new supply in Australia, displacing longer-haul imports from elsewhere. The reduced demand for shipping comes at time when the supply of LNG ships is growing rapidly. The result has been reduced fleet utilisation and short-term charter rates languishing around US$30,000 per day. With a large orderbook of LNG ships still to be delivered, more new Australian LNG supply to come on stream and Japanese and South Korean demand set to fall further charter rates will remain under pressure. 

Table of contents

  • Executive summary
  • Faltering demand in NE Asia
  • New LNG supply backs out long-haul imports
  • LNG fleet growing rapidly
  • Short-term/spot charter rates to remain under pressure

Tables and charts

This report includes 6 images and tables including:

  • NE Asia LNG imports by country (mmtpa)
  • NE Asia LNG imports by country (tonne-miles)
  • NE Asia LNG imports by source (mmtpa)
  • NE Asia LNG imports by source (tonne-miles)
  • NE Asia tonne-mile demand v fleet capacity
  • NE Asia LNG tonne-mile demand v charter rates

What's included

This report contains:

  • Document

    NE Asia LNG demand and shipping.xls

    XLS 176.00 KB

  • Document

    NE Asia LNG demand slump hits shipping hard

    PDF 293.92 KB

  • Document

    NE Asia LNG demand slump hits shipping hard

    ZIP 358.36 KB

Other reports you may be interested in

Browse reports by Industry Sector