Tariffs affect tanker rates

UOBKH Research said global shipments of LNG had not recorded y-o-y growth in 2024 and in 1Q25 the growth was only 2.6%.

PETALING JAYA: The outlook for liquefied natural gas (LNG) carriers in the near term is expected to remain weak with rates having plummeted by nearly 90% year-on-year (y-o-y) according to UOB Kay Hian (UOBKH) Research.

“Tanker rates may remain depressed due to Trump Tariff 2.0, which may also impact the petroleum segment, although tankers, especially MISC Bhd’s Aframaxes may demonstrate resilience,” the research house said in a note to clients.