ICIS Boosts Coverage on LNG Charter Rates and Shipping

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Nov 06, 2014, 12:57 ET

SINGAPORE, November 6, 2014 /PRNewswire/ --

ICIS, the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions, has enhanced its LNG charter rate and shipping/netback coverage by including two new price assessments for both steam and tri-fuel diesel electric (TFDE) vessels in its LNG pricing reports.

Building on its 10 years' experience in LNG shipping coverage, ICIS charter rate assessments are broken down by vessel type for the short-, mid- and long-term markets. Atlantic and Pacific basin prompt assessments are published daily, while global mid- and long-term assessments are available weekly.

With the growth of the global LNG industry and the shipping fleet parallel to each other, charter rates are increasingly fluctuating, depending on vessel type. ICIS is addressing this challenge by providing greater independent transparency on charter rates for its subscribers. As a result of the different shipping costs and netback assessments based on the two vessel types, ICIS is able to show the impact different vessel economics have on the cost of shipping across key LNG trade routes.

"We are excited to bring greater transparency to the LNG charter market and to expand our coverage at a time, when both the dynamics of the global fleet and LNG production are increasing," said Ed Cox, LNG Editor at ICIS.

Besides the two new shipping assessments, ICIS editors and reporters will continue delivering unrivalled coverage on the changing LNG supply-demand fundamentals, key trends in the shipping market and the dynamics driving LNG spot prices.

ICIS publishes these global LNG pricing reports on a daily and weekly basis: LNG Markets Daily and Global LNG Markets. To request a sample of the ICIS LNG report, visit http://www.icis.com/energy/liquefied-natural-gas/lng-daily-and-weekly-reports/

About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS's staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.

About Reed Business Information

At Reed Business Information we provide information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of Reed Elsevier, a leading global provider of data, information and solutions for professional customers.

For further information about this release, please contact:

Aileen Wang
Senior Marketing Executive, ICIS
Email: [email protected]
Direct: +65-6780-4339

SOURCE ICIS