Trends in shipping LNG

Global LNG output rose 12% year-on-year in 2017, recording its largest annual increase in recent history, and meaning more product had to be delivered to market than ever before.

This growth in LNG opened up new opportunities for shipping, though the redistribution of the global supply portfolio also rendered some previously profitable trade routes uncompetitive, with Australia in particular providing new volumes ideally placed to compete for sales to the major users of east Asia.

While this would be bearish for shipping demand keeping all else constant, shorter distances to market are less significant if there are more voyages to be made. And the total distance travelled by the global LNG fleet increased in 2017 on the back of the greater overall volume being sold.

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