By LNG World News LNG shipowners are bracing for another tough year as charter rates are expected to remain under pressure for the year 2017, the shipping consultancy, Drewry said in its report.
Spot rates West of Suez firmed up at the start of the year due to seasonal demand for LNG starting the year on a positive note, and the momentum was expected to continue.
However, Drewry notes that the fundamental of LNG shipping market are not strong enough to sustain this recovery for long, expecting the rates to come under pressure as seasonal demand starts dropping from April onwards.
“Moreover this year the LNG
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