LNG newbuild orders spike in H1

BW Boston in Navantia’s Ferrol shipyard, Spain, June 2017 (Image by Mirza Duran)

Orders for liquefied natural gas (LNG) carriers surged in the first half of this year as compared to the same period in 2017.

According to the data by VesselsValue provided to LNG World News, 22 LNG vessels worth $3.97 billion have been ordered in the first half of this year. This compares to eighth LNG carriers worth $930 million ordered in the six-month period last year.

VesselsValue notes that this data does not include options or letter of intents (LOIs) such as the Marinakis deal for 10 LNG vessels placed last week. It also excludes FLNG or FSRUs.

The first-half orders include 21 large LNG carrier and one small-scale vessel. The total capacity of the ordered LNG fleet stands at 3.68 million cubic meters, according to the data.

TMS Cardiff Gas placed orders for five LNG newbuilds in the period under review while GasLog ordered three LNG carriers.

The list of owners that ordered LNG carriers in the first half includes BW Gas, Alpha Gas, Seatankers, Minerva Marine, Knutsen, Sovcomflot etc.

 

Live LNG fleet worth $53.1 billion

 

The global LNG fleet currently counts 602 vessels including 96 LNG carriers on order, VesselsValue data shows.

These figures include large LNG carriers, midsize and small-scale vessels and RLNG.

The data also shows that the total operational capacity of the $53.1 billion-worth live LNG fleet amounts to 76.8 million cubic meters.

Including the ships on order, the global LNG fleet is worth some $71.2 billion with a total capacity of 91.9 million cubic meters, VesselsValue data says.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >