'LNG Carrier Market to be Worth $6.47bn in 2013' Says Visiongain Report
LONDON, Jan 22, 2013 (PR Newswire Europe via COMTEX) --
Copyright (C) 2013 PR Newswire Europe
LONDON, January 22, 2013 /PRNewswire/ --
Visiongain [http://www.visiongain.com/Content/3/About-Us ]'s analysis indicates that the LNG carrier market will reach a value of $6.47bn in 2013, as companies seek to take advantage of the arbitrage opportunity that exists between the supply and demand sides of the global natural gas market [http://www.visiongain.com/Sector/124/Energy ]. The LNG carrier market is therefore forecast by Visiongain to experience strong expansion over the next five years, reaching record levels of vessel output and capital expenditure.
The lead analyst of the LNG carrier report [http://www.visiongain.com/Report/960/The-LNG-Carrier-Market-2013-2023 ] commented that, 'With the expansion of both LNG export and import infrastructure and very strong supply and demand natural gas market dynamics, more LNG carriers are required. The current undersupply of vessels is illustrated by an utilisation rate of the LNG carrier fleet approaching 100%, which has led to record charter rates for LNG carriers. Natural gas discoveries in North America are leading to LNG export terminal expansion on the continent, which, in addition to those terminals planned in Australia, will create yet more supply routes that need to be serviced by LNG vessels. Underpinning all this investment in LNG carriers is the significant arbitrage opportunity that exists between supply and demand markets. As the LNG spot market expands, a larger and more flexible LNG carrier fleet will be required. There is also a justifiable interest in smaller LNG carriers as the economics of transporting LNG to remote areas for power generation or for use as a transportation fuel improves.'
The report contains 112 tables, charts and graphs that add visual analysis in order to explain developing trends within the LNG carrier market. Visiongain provides forecasts for the period 2013-2023 in terms of capital expenditure (US$) on LNG carriers. In addition to a global forecast, there is a breakdown of seven leading markets by capital expenditure: three focus on the leading national LNG carrier construction markets; three breakdown the market by dominant containment system types used on LNG carriers; and one looks exclusively at the future of the small-scale LNG carrier market (less than 50,000 cubic metres of capacity). The forecasts include a breakdown of all current contracts on LNG carriers, a forecast of future delivery numbers and a breakdown of all LNG liquefaction terminals currently planned or under development.
A company's chapter provides extensive and detailed profiles, analysis and outlooks for the seven leading shipbuilders in the LNG carrier market; this includes detailing current projects, contracts, M&A activity, strategic focus and the future outlook of the companies. 46 other companies active in the market are also detailed. Last of all, three interviews from prominent figures within the LNG carrier industry provide expert insight alongside Visiongain analysis.
The LNG Carrier Market 2013-2023 will be of value to current and potential future investors in the LNG carrier industry and the LNG industry as a whole. It will also benefit companies and research centres that wish to broaden their knowledge and understanding of a growth market that will be crucial in shaping the future outlook of the global natural gas industry.
For further information concerning the Visiongain's LNG Carrier Market 2013-2023 report please visit http://www.visiongain.com/Report/960/The-LNG-Carrier-Market-2013-2023
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