LNG tipped as best shipping sector next year

LNG tipped as best shipping sector next year

Rates for LNG carriers are soaring at the moment, pushing north of $150,000 a day and Splash readers reckon the current bull-run has legs.

In an ongoing survey called MarPoll carried on this site, Splash voters believe LNG will be the best performing sector in 2019. Dry bulk is viewed as the second best performer next year.

With more than 300 votes cast 37% have plumped for LNG so far, with 29% of votes cast going for dry bulk.

“The LNG utilisation looks quite tight at the moment and with multiple US Gulf liquefaction trains coming online and trades to the Far East increasing rapidly, the tonne mile increase will put significant pressure to the upside,” one reader commented.

The quarterly survey is due to close next week. Other questions posed look at the price of various fuels come the end of 2020, class society expertise and the threats posed by trade wars.

To vote takes just two minutes and there is no registration. Vote by clicking here.

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