Shipowners with steam-turbine and dual or tri-fuelled diesel-electric LNG tonnage are increasing their fleet-renewal efforts as they stare down incoming new emissions regulations and confront the implications of elevated gas prices.

The time frame depends on the strategy and approach of each company, with many preferring a low-profile approach.

Nigeria LNG recently floated three of its oldest ships for sale and GasLog has agreed a deal on one of its steamships with an Indonesian buyer.