Image: Golar LNG
(Bloomberg) — Golar LNG Ltd., an owner of tankers hauling liquefied natural gas, was lowered to “hold” from “buy” at Pareto Securities AS on prospects for reduced charter rates for the vessels.
LNG supplies will be limited before 2015, which is expected to drive hire costs for the ships lower, Eirik Haavaldsen and Jonas Advocaat Kraft, analysts at the Oslo-based investment bank, said in a report today.
“Without a single contract on their 10 LNG carriers yet, in a market that is already somewhat oversupplied, we believe that the near-term upside from the current share-price level is limited,” the analysts said of Golar LNG.
– Rob Sheridan, Copyright 2013 Bloomberg.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,923 members that receive our newsletter.
Have a news tip? Let us know.
ROME (Reuters) – An Italian judge on Friday cleared three migrant sea rescue charities that had been accused of abetting irregular immigration in complicity with human traffickers, throwing out a case opened...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,923 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
