Growing Asian Demand Fuels Red Hot LNG Market

At the end of 2020, 68 steam turbine powered LNG carriers built before 2001 were still in operation.

Source: copyright Akahiro/MarineTraffic

Sharp recoveries in spot demand for energy in Asia and Europe, supply disruption and unseasonal weather have contributed to a sharp run up in seaborne LNG prices, but the long-term rise in LNG demand seems certain to drive an acceleration in vessel orders

Continue this article…

Already subscribed? SIGN IN now

V2-MS

Sign up for FREE to continue this article!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!