Danske Bank has dropped its LNG carrier rate forecasts given a slower than projected upturn in the market this year.

Analyst Anders Karlsen is sticking to his view of an upturn in the second half of 2019 but his revisions impact both that period and the next two full years.

“There may be upside potential, but with uncertain outlook for the global economy, LNG demand may also be negatively affected,” he said in a report today.