MISC - Annual Report 2015

LNG SHIPPING BUSINESS AND OPERATIONS REVIEW Market review In 2015, the LNG shipping market continued to remain weak with softening spot freight rates and an oversupply of LNG vessels in the industry. The average spot freight rate for LNG vessels in 2015 has almost halved compared to the previous year. president/ceo’s report new LNG carriers to be delivered within 2016-2017 5 Delivered 20.74mil tonnes of LNG of world LNG trade 8.3% REDISCOVER I REBUILD I SUSTAIN 56

RkJQdWJsaXNoZXIy NDgzMzc=