Greek LNG shipowner Peter Livanos is going to take a break from building new LNG carriers while he considers what the IMO’s 2050 target to cut CO2 emissions by 50% means for the next generation of ships.

He is also urging liquefaction developers to look at existing vessels rather than insist on newbuildings.

During a panel session on LNG held as part of the 35 th Anniversary of the Costas Grammenos Centre for Shipping, Trade and Finance biennial meeting in London this week, the GasLog chairman described LNG shipping as “the laboratory animal” for the rest of the shipping industry as it looks to decarbonise.