Insight

NE Asia LNG demand slump hits shipping hard

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

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.

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

Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • 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

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898