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if it was you who told me that during their trip overseas LNG tankers can sometimes switch from "owner" six times before they dock at their final destination (and that the final destination also may change en route).
by Nomad on Mon Oct 26th, 2009 at 09:59:36 AM EST
[ Parent ]
I doubt that LNG tankers change hands so often, because it's usually a big and complex transaction each time, with parallel transactions elsewhere as part of the process (swaps for an other source of gas elsewhere).

Oil tankers change hands often; LNG, none or once would be my bet. But maybe I'm wrong.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Oct 26th, 2009 at 10:16:36 AM EST
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More probable that either I, or my source, was confusing gas with oil tankers.
by Nomad on Mon Oct 26th, 2009 at 11:27:35 AM EST
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I think that there is the odd LNG cargo which changes hands in transit, but it's probably pretty unusual.  

Transactions in oil cargoes are much more common, but a couple of times would probably be the most, since the logistics of taking over the charter and diverting a tanker in transit are pretty horrendous.

A tanker operating as floating storage for a cargo is a different matter, but even so, multiple sales would be pretty rare.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Oct 26th, 2009 at 01:25:11 PM EST
[ Parent ]


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