Ship&Offshore | Issue 06/2022
Outlook set fair for ship repair sector
energy supply Russia’s war in Ukraine and the resulting energy crisis in Europe has transformed the backdrop across most shipping sectors. Rising tonne-mile demand for crude and products tankers and rapidly expanding trans-Atlantic LNG trades are factors that are driving charter rates to levels unthinkable just a year ago. Tight LNG carrier supply over the next five years will mean all existing vessels are needed. The ship repair sector is set for a bull run, writes freelance journalist Paul Bartlett...