Fearnleys forecasts tonnage shortfall of over 60 LNG ships

Increasing LNG production is likely to leave a shortfall of over 60 LNG carriers in the period to 2022, according to shipbroker Feanleys.

Presenting Fearnleys' LNG figures to a London forum, shipbroker Michael Newman said that 2018 orders to date are still not sufficient to cover the new liquefaction capacity coming online by 2020.

He said that while the brokerage was not advocating that owners rush out and order more vessels, Fearnleys’ model estimates another 62 LNG carriers will be required from 2018 to 2022.