Fueling tanker market turnaround

LNG shipping volumes for last year appear to show the global trade going through a surprisingly quiet patch. However, if the recent bid for LNG shipper MISC by Petronas is any indication, the sector is poised for a sharp turnaround. By Gomati Jagadeesan

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According to analysts, global trade in LNG actually fell last year to 283.3 million tonnes. This was only the fourth time that global LNG trade has fallen year on year.

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