LNG Ship Rates Seen Declining by Wells Fargo as Output Slows

Rates to ship liquefied natural gas will decline this year as new vessels join the fleet more quickly than global output of the fuel expands, according to Wells Fargo Securities LLC.

“We expect LNG carrier spot rates to ease slightly in 2013 (but generally stay at healthy levels), as the rapid rate upside following the Fukushima nuclear disaster continues to plateau, and as the global carrier fleet starts to grow in advance of a major liquefaction inflection point in 2015/2016,” Michael Webber, a New York-based analyst at the bank, said in an e- mailed report today.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.