NEW YORK, Jan. 24, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Report DetailsLNG carriers are used to transport liquefied natural gas around the globe. They have been in widespread commercial service since the late 1970s, but only in the 21st century have they become an integral part of the global energy market - more than 80% of the LNG carriers currently in use were built after 2000 despite extremely low scrappage rates. Today, significant natural gas discoveries at distance from demand markets, combined with strong natural gas demand in East Asia, is driving investment in the LNG carriers needed to join supply and demand. Typically, investment in LNG carriers is determined by the rate at which LNG liquefaction terminals are developed. However, due to a range of factors, Visiongain predicts less dependent, very strong growth in capital expenditure on LNG carriers over the next 10 years. Amongst the core factors ensuring the independence and strength of this market are the near 100% utilisation rates of the LNG carrier fleet, the growth of the LNG spot market, record LNG vessel charter rates and temporary expansions and fluctuations in the average nautical mileage of the fleet. Nonetheless, liquefaction terminals will also see strong investment over the next 10 years and, when combined with the above factors, will drive heavy capital expenditure on LNG carriers between 2013-2023. Visiongain has determined that the value of the global LNG Carrier market in 2013 will reach $6.47bn. What makes this report unique? Visiongain consulted widely with industry experts and full transcripts exclusive interviews are included in the report. As such, the report has a unique blend of primary and secondary sources providing informed opinion. The report provides insight into key drivers and restraints behind the LNG carrier industry, identifying past failures, future growth areas and analyses leading companies. The report also provides a unique blend of qualitative analysis combined with extensive quantitative data including global, submarket and national markets forecasts from 2013-2023 - all highlighting key business opportunities.