A cold European winter and Covid-19 cargo cancellations in the US are supporting LNG carrier rates, setting up a strong 2021 Flex LNG chief executive Oystein Kalleklev said on Thursday.
Speaking at an Arctic Securities webinar — entitled "Shipping - Sailing into a new supercycle?" — Kalleklev said Fearnleys assessed one-year time charter equivalent rates at $72,000 per day as European LNG inventory levels slipped to 30% from 56% year over year.
