Weaker winter forecasts dampen LNG shipping stocks
Pure liquefied natural gas shipping plays fail to see share prices rebounding to pre-pandemic levels and in line with seasonal hikes in shipping rates. Observers suggest this is a sign of investors buying into weaker prospects as more tonnage enters a slower market
LNG trade is expected to grow only 4.5% next year and this does not bode well for about a dozen new tankers entering service without charters, according to Drewry
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