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NE Asia LNG imports surge not enough for shipping

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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.

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    NE Asia LNG demand and shipping charts.xlsx

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    NE Asia LNG imports surge not enough for shipping

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Table of contents

Tables and charts

This report includes 17 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)
  • Average distance travelled by LNG imports
  • Orders and deliveries v. short-term charter rates
  • Deliveries by size v. fleet development
  • Japan 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)
  • Taiwan LNG imports by source (tonne-miles)
  • China LNG imports by source (annualised)
  • China LNG imports by source (tonne-miles)
  • India LNG imports by source (annualised)
  • India LNG imports by source (tonne-miles)

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