LNG Shipping Report 2024: Market Trends, Challenges, And Future Outlook

Tomas Novotny
388 Followers
(20min)

Summary

  • LNG shipping faced oversupply and declining spot rates in 2024, impacting traditional seasonal growth patterns and leading to weaker-than-expected performance.
  • Top gainers like Excelerate Energy and Dynagas LNG Partners benefited from strategic moves, while decliners like Cool Company and Awilco LNG struggled with spot market challenges.
  • Despite geopolitical and market volatility, LNG shipping remains crucial, with newbuilds preparing for increased global demand and older steam vessels being phased out.
  • Future outlook for LNG shipping is optimistic, with rising global importance and expected improvements as new capacities come online and market conditions stabilize.

Zkapalněná stanice zemního plynu v Arktidě.

Berk Ucak/E+ via Getty Images

Introduction

Last year was very difficult and different for the LNG shipping sector. In this report, we cover the main changes in the first section, show the yearly performance of all publicly listed LNG shippers, mention crucial events, and

This article was written by

388 Followers
6/2022 - now: Member of Society of Technical Analysts in UK 9/2016 - now: UP forum s.r.o. 3/2016 - now: LNG shipping investor 7/2009 - now: Private investor at Warsaw Stock Exchange 11/2006 - now: Board Member of Czech National Association of Technical Analysis 2/2011-6/2016: Board Member at Financial Progress Group a.s. 1/2003-4/2013: Head of Sales and Marketing, Theatre Na zábradlí, Prague 2004-2010: Master degree of Arts Management at Academy of Performing Arts, Prague

Analyst’s Disclosure: I/we have a beneficial long position in the shares of EE, FLNG, NFE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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