LNG shipping rates now far exceed crude-tanker rates

“Crude-tanker rates at historic levels!” blared the recent headlines. Lost in the media storm: Spot rates for liquefied natural gas (LNG) carriers are now higher – much higher – than for crude tankers. Stifel analyst Ben Nolan dubbed LNG carriers “the for

Crude-Tanker Surplus Seen Swelling a Second Week in Persian Gulf

The surplus of tankers competing to ship 2 million-barrel oil cargoes from ports in the Persian Gulf expanded...