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Flex LNG chief calls for immediate scrapping of steam turbine LNG carriers

  • Slump in LNG markets make the 200 operational steam turbine ships unattractive
  • Shipowners can realise $15m from sale of old LNG tanker to ship recyclers
  • Scrapping will avoid lay up and reactivation costs

‘Steam-powered LNG carriers can survive in good markets but given the slump there should be a big upturn in scrapping,’ said Flex LNG chief executive Øystein Kalleklev

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