‘First big scrapping cycle’ forecast for LNG shipping market with no place for steam turbine vessels

Market not expected to swing back into balance until 2026-2027

Adnoc L&S’ Nicholas Gleeson said about half the 100 redelivering LNG steam turbine ships could leave the market. — Adnoc L&S’ Nicholas Gleeson said about half the 100 redelivering LNG steam turbine ships could leave the market.Photo: Capital Link

Lucy Hine

TradeWinds correspondentLondon

Published 18 December 2024, 08:09Updated 18 December 2024, 15:04

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