Coronavirus feeds LNG shipping inefficiency
Ships sail at slower speeds amid uncertainty about destinations for cargoes on board because of trade disruption. Rates drop even as fleet availability climbs, artificially inflated by tonnage soaked up by a slow steaming trend
The coronavirus pandemic has capped liquefied natural gas ship sailing speed at 13.5 knots and this is not expected to rebound to levels seen two years ago anytime soon, says Poten & Partners
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