Global LNG carrier market will hit $6.47bn in 2013 says latest research

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New report analyses world liquid natural gas carrier market.

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The report The LNG Carrier Market 2013-2023 predicts less dependent, very strong growth in capital expenditure on LNG carriers over the next 10 years.

Amongst the core factors ensuring the independence and strength of this market are the near 100% utilisation rates of the LNG carrier fleet, the growth of the LNG spot market, record LNG vessel charter rates and temporary expansions and fluctuations in the average nautical mileage of the fleet.

Liquefaction terminals will also see strong investment over the next 10 years and, when combined with the above factors, will drive heavy capital expenditure on LNG carriers between 2013-2023. This report has determined that the value of the global LNG Carrier market in 2013 will reach $6.47bn.

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Joe Walsh
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