A slump in LNG charter rates that has depressed equities in the peer group this year is set to turn, according to Fearnley Securities.
Spot rates hit a peak of $85,000 per day in late January but have since slid to $40,000 per day, which analysts Espen Landmark Fjermestad and Peder Nicolai Jarlsby believe will be the trough.
The retreat in rates has been reflected in the stock price of shipowners in the sector, with only Golar LNG showing significant improvement this year.
