75 New LNG Ships for the US?
 
Advertise Here
Trending Topics:
Friday, February 14, 2014

Ship Equipment
Ship Maintenance
Unitor
Ship Systems
Bimco
Worldwide Metric
Portvision
Hydroscan
Freeman Marine
Neptune Group

MarineTalk
Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
FAQ
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
 
MarineTalk Site Search:
Featured Companies

Institute of Destination Architects and Designers
International Professional Body of Destination Design and Coastal/Hydroscape Architects
    USA Virginia

The Marine Society
THE MARINE SOCIETY is the world's oldest seafarers' charity. It is dedicated to enhancing the well being of all who go to sea professionally; encourages those who may be interested in pursuing a career at sea; and helps those who have served at sea.
    United Kingdom

Link Internet Business Solutions
Database application systems are becoming more common than ever as websites converge with new and traditional software business models.
    Canada

Marintec China / CMP China
Marintec China is jointly-organised and managed by CMP/Seatrade and the Shanghai Society of Naval Architects and Marine Enginners. Marintec China 2009 will be held at Shanghai New International Expo Centre from 14 December 2009.
    China

75 New LNG Ships for the US?

      6/29/2001

75 New LNG Ships for the US?

Lloyd's Register has released the results of its extensive research into the LNG market. Talking at the LNG conference The role of LNG in North American and Caribbean gas supply in Washington DC, Lloyd's Register said that between 27 and 75 new LNG ships will be needed to satiate the demand for LNG over the next decade in the US market alone. Many factors have been considered by Lloyd's Register in its forecast of the LNG market, including consideration of replacement of ageing existing ships, take-up of excess capacity at existing import terminals and a rash of new import terminal projects that are likely to succeed.

The US market finds itself short of energy. Gas is the clean burning fuel-of-choice for the electricity-generating plants mooted for construction in the US over the next decade. LNG is being targeted to provide a large proportion of this demand. However, one of the features of today's US market is that it is increasingly supply-led and there are just not enough ships to go around. From the 128 existing ships in the world fleet, around 116 are tied into long-term charter, although current indicators suggest that spot trading is on the increase. Talking at the conference, Graham Marshall, vice president marine support, Lloyd's Register Americas, Inc. said: "Regardless of the use of either spot or long-term charter ships, there is still likely to be a healthy demand that can only be addressed with new LNG ships. Some of these orders have already been placed. Given the three-year lead-time for a LNG ship, we can expect the strong LNG ship orderbook to increase further still over the next year."

The total world LNG ship fleet, including new orders, as of May 30, 2001, stood at 163 ships or 19,070,161 cu m, of which 26% is on order. Ten percent is one year old and a further 10% is less than six years old. The number of existing ships in the world fleet is 128.


 

About the Company






Latest Marine News and Technology Articles | Maritime 2014 Buyer's Guide





MarineTalk

E-mail:  Contact Us

Copyright 1998 - 2014 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .