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Market of LNG and LNG vessels

sophisticated vessels which are equipped with fully automated and modern containment systems. Today around 395 LNG vessels are sailing around the world. Due to high export of natural gas in Asian countries, needs for new LNG carriers are increasing. As a result of that, export of new LNG carriers by the Order book is around 160. That is 13 milion DWT which represent 39% of actual DWT of LNG fleet. Costs of building one new LNG carrier is approximately 250 milion USD. This information shows that the orders for new LNG carriers are in constant growth. Asian shipyards are highly specialized for building that kind of vessels, especially shipyards in South Korea. With the rapid growth of LNG cargo trade, fluctuations in shipping freight rates are becoming more frequent. It should also be noted that freight rates greatly affect the production of natural gas. Freight is the biggest and most important component of the transportation of LNG around the world. Natural gas is one of the cheapest and ecologicaly most accepted fuel in the world. Furthermore, environmental protection is extremely important and because of that companies are building vessels which use LNG as fuel. This presentation will show new technologies used in transportation of liquified natural gas, and actual conditions and movements on the LNG market.

liquified natural gas; LNG carriers; market; freight

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