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Tankers and Gas Energy Ship Recycling

LNG shipping execs write off 2025 and pin hopes on 2026-2028 recovery

‘This a market where we will see a cleansing. It’s always painful when it happens, but in a way, this is welcome,’ says CCEC’s Jerry Kalogiratos

  • Analysis

The counter-seasonal plunge in LNG shipping rates does not appear to be a transitory setback. It looks more like the onset of an extended downturn. Scrapping of a large number of older steam-turbine carriers would help, but what’s needed is for more liquefaction projects to come onstream

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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