Surplus in LNG Tanker Capacity Expected to Peak in 2008
Posted on Aug 3, 2006 in Markets and Competition, Vessel Transportation | Comments Off on Surplus in LNG Tanker Capacity Expected to Peak in 2008
Industry analysts say that advance orders for LNG tankers will lead to significant excess capacity. According to a report by Royal Gazette, only 77.4 percent of available tanker capacity will be used in 2008, a usage rate that is 13 percent lower than reported at the beginning of the decade. Analysts also attribute the capacity surplus to greater productivity in the existing fleet. The Royal Gazette article is carried via Marine Link.