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LNG tankers lying unused around S'pore as gas downturn gets critical

Published Fri, Feb 13, 2015 · 09:50 PM

Singapore

OVER a dozen liquefied natural gas (LNG) tankers are berthed, many idle, in and around Singapore - one of the world's biggest trading hubs for the fuel - in a sign that the slowdown engulfing world gas markets may be worsening into a crisis.

With Asian spot LNG prices down by almost two-thirds since February 2014 as slowing demand combines with rising output, shippers are bringing their tankers near ports like Singapore's, where they…

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Transport & Logistics

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