Specializing in International Freight Forwarding, by way of ocean, air, rail and truck freight-RISINGSUN

ICIS, the world’s largest petrochemical market information provider and has fast-growing energy and fertilizer divisions, has enhanced its LNG charter rate and shipping/netback coverage by including two new price assessments for both steam and tri-fuel diesel electric (TFDE) vessels in its LNG pricing reports.

Building on its 10 years’ experience in LNG shipping coverage, ICIS charter rate assessments are broken down by vessel type for the short-, mid- and long-term markets. Atlantic and Pacific basin prompt assessments are published daily, while global mid- and long-term assessments are available weekly.

With the growth of the global LNG industry and the shipping fleet parallel to each other, charter rates are increasingly fluctuating, depending on vessel type. ICIS is addressing this challenge by providing greater independent transparency on charter rates for its subscribers. As a result of the different shipping costs and netback assessments based on the two vessel types, ICIS is able to show the impact different vessel economics have on the cost of shipping across key LNG trade routes.

“We are excited to bring greater transparency to the LNG charter market and to expand our coverage at a time, when both the dynamics of the global fleet and LNG production are increasing,” said Ed Cox, LNG Editor at ICIS.

Besides the two new shipping assessments, ICIS editors and reporters will continue delivering unrivalled coverage on the changing LNG supply-demand fundamentals, key trends in the shipping market and the dynamics driving LNG spot prices.

ICIS Boosts Coverage on LNG Charter Rates and Shipping