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A dismal winter forecast for LNG shipping

Liquefied natural gas shipping faces the challenges of sailing through a winter with surplus tonnage, as newbuilds being delivered from a bulging shipbuilding backlog come online, amid slowing demand for the commodity

Poten & Partners predicts that LNG shipping rates may peak at less than half of last October’s seasonal high, slammed by a double whammy of weaker demand and pre-committed newbuildings being delivered whether the market ‘needs them or not’

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