Nordea Banking Concern To Boost Transportation Finance For Booming Lng Industry

From Reuters, Dec. 6:

Nordea Bank aims to increase transportation finance activities to the growing liquefied natural gas (LNG)industry, executives at i of the world’s biggest transportation financiers said.

China’s crackdown on pollution as well as its growing take away for to a greater extent than environmentally friendly sources of power, such every bit LNG, are boosting take away for ships to carry the fuel.

“We would similar to expand the portfolio as well as in that location are for certain segments that nosotros would similar to expand in. One of them is on the LNG side,” Geir Atle Lerkerod, Nordea’s caput of transportation for the Nordic region, told Reuters.

“We come across in that location is an underlying potent take away over fourth dimension as well as nosotros come across that going forwards every bit well,” he said on the sidelines of the Nordic bank’s investor consequence inwards London this week.

LNG transportation officials at the consequence expected potent markets for the adjacent 2 years. But they said that, amongst twoscore to l LNG ships on order, a farther fix upward of vessels through novel ordering could undermine delineate of piece of occupation organisation prospects...MORE

Life comes at you lot fast. Two days earlier the higher upward Reuters had this floor via gCaptain, Dec. 4:

Rising Ship Supply Helps Ease LNG Charter Rates

Inflated topographic point charter rates for liquefied natural gas (LNG) tankers are easing every bit to a greater extent than ships becoming available, which could assist increase LNG merchandise if Asian take away rises inwards coming months.

LNG charter rates are a telephone commutation ingredient of topographic point LNG trade, dictating the agency the super-cooled gas is transported. Charter rates ordinarily follow the toll of LNG, which has fallen since September due to sluggish take away from Asian buyers.
Rates accept remained high for most of this year, hitting roughly $195,000 concluding month.

Not many topographic point Atlantic cargoes accept travelled due east inwards recent months due to inflated transportation rates, amongst some companies having to adapt cargo swaps to trim down costs.

But every bit to a greater extent than vessels larn available for topographic point charters, rates accept dropped to roughly $160,000 per solar daytime at the halt of November, shipbrokers told Reuters. One rootage said the topographic point charge per unit of measurement for a modern vessel reached $140,000 per solar daytime on Tuesday.

Four ships became opened upward on Mon for Dec charter, i manufacture rootage said, piece some other predicted that overall upward to 10 volition larn available for charter this month, amongst to a greater extent than coming to the marketplace position later floating cargoes are unloaded....MORE

That's the funny affair close ships, they tend to motion to where the coin is.
On a to a greater extent than positive note, concluding calendar week the temperature due north of Harbin mainland People's Republic of China got to -40° (both C as well as F)