SOURCE: Zeus Development Corporation

April 10, 2006 09:08 ET

LNG Shipping News

HOUSTON, TX -- (MARKET WIRE) -- April 10, 2006 -- Energy researcher and publisher, Zeus Development Corporation, will host workshops April 25-26 to examine LNG Shipping Economics and the Future for Charter Rates and Ship-to-Ship Transfer: Opportunities for Break-Bulk Markets.

"Charter Rates for LNG ships have been bouncing from $20,000 to $100,000 per day as new liquefaction trains come online and transport capacity lurches by nearly 4 BCF as each new ship arrives. Shipyard competition is growing as China has entered the market place," said Bob Nimocks, president Zeus Development.

Nimocks noted questions such as where rates might go as new trains come on stream in Norway, Egypt, Qatar, Nigeria and Australia, will be answered at this workshop.

Representatives from Mitsui (MOL), NYK, and Fearnleys are presenting their views on LNG supply and demand and the direction of charter rates. We have also invited an LNG financier, ANZ, to discuss how fleets are trimming capital costs to compete in lean charter-rate markets.

Opportunities Presented by LNG Cargo Transfer from Ship to Ship or Barge will be discussed the second day and the status of efforts to transfer LNG cargoes from ship to ship or barge will be included. This workshop will first examine how cargo transfer has benefited other bulk fuel and chemical markets, and then consider the U.S. gas markets for LNG.

"We will review practical issues of cargo transfer from a ship captain's perspective (John Egan, Maritime Technology Institute, who has actually captained LNG ships during transfer operations) and how the industry is moving forward through commercialization efforts from Technip and Hoegh LNG," said Nimocks.

Both workshops will be held at Zeus's offices, 2424 Wilcrest, Suite 100, Houston, Texas, a few blocks west of the Beltway at Wilcrest and Westheimer. Tuition is $397 for one workshop, or $697 for both. Seating is limited.

Each workshop kicks off with a hot lunch at 12:30 pm, presentations begin at 1:00 and close with a reception from 5:00 - 6:00pm.

Registration can be made online at or by contacting Rebecca Maitland, 713.333.5773 or email

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