Insight
NE Asia LNG imports surge not enough for shipping
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Stronger than expected LNG import growth in NE Asia has provided a welcome boost for LNG shipping demand. But sadly for ship owners, the increase in trade has not been reflected with a big increase in charter rates. Year-on-year LNG imports into China, Japan, South Korea and Taiwan increased a staggering 14.5 million tonnes in the first eight months of 2017 year-on-year. To put this huge increase into context, the world’s fourth largest LNG importer – India - imports were just 11.7 Mt over the same period. Key for LNG shipping demand, long-haul imports from the Atlantic Basin (including the US Gulf) into NE Asia almost doubled. However, the delivery of new LNG ships has outpaced LNG shipping demand. This has kept a lid on spot/short-term charter rates.
Table of contents
- Executive summary
- NE Asia LNG imports up 14% January to August 2017
- US Gulf LNG exports help come back of long-haul imports
- LNG fleet still growing rapidly
- Strong demand not enough to lift short-term/spot charter rates
- Appendix
Tables and charts
This report includes the following images and tables:
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NE Asia LNG imports by country (mmtpa)NE Asia LNG imports by country (tonne-miles)NE Asia LNG imports by source (mmtpa)
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NE Asia LNG imports by source (tonne-miles)Average distance travelled by LNG importsOrders and deliveries v. short-term charter ratesDeliveries by size v. fleet developmentJapan LNG imports by source (annualised)Japan LNG imports by source (tonne-miles)S. Korea LNG imports by source (annualised)S. Korea LNG imports by source (tonne-miles)Taiwan LNG imports by source (annualised)
- 5 more item(s)...
What's included
This report contains:
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