LNG Carriers: high earners but new vessels to enter the fleet

The LNG fleet is positioned for massive expansion in 2024, 2025 and 2026, likely resulting in a build-up of surplus vessel capacity. The current fleet numbers 740 vessels, and there are an additional 330 vessels on order. The one-year timecharter rate for a 174,000 cu.m LNG Carrier peaked at an all-time high of USD 260,000 per day in October 2022, […]