FAST FIVE: Chaos Theory: How Tankers Thrive Amid Energy Crisis And War

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The stress hasn't even begun to be put on the product-tanker market.” “What we are worried about and I'm sure some of the other people here are worried about is that this gets too good,” said Bugbee.

Average spot rates for tri-fuel, diesel-engine LNG carriers are now over $450,000 per day.

You have to restrict demand,” he said.

Fight for LNG to heat up in 2023 Countries are bidding against each other for supplies of LNG and petroleum products.

Replacement EU imports will travel much longer distances, increasing tanker demand measured in ton-miles (volumes multiplied by distance).

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