Despite the current weakness in LNG shipping rates, shipping consultancy Drewry maintains[ds_preview] its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed in the current orderbook. According to the latest edition of the LNG Forecaster report published by Drewry, spot rates for dual fuel diesel electric LNG vessels have been hovering around 30,000 $ per day since the second quarter of last year, representing a decline of 80% compared to the last market peak in 2012. Strong fleet growth coupled with weak cargo demand has been the principle cause, the analysts say.
