Two years of record LNG carrier newbuilding deliveries at a time of slow growth for liquefaction capacity could leave the fleet under-utilised in the near future, according to Fearnleys.

Speaking at the Astrup Fearnley Shipping & Energy Conference, Fearnleys LNG shipping advisor Ina Arneson said the current LNG carrier orderbook is very large at 269 vessels, largely driven by the 170 newbuildings contracted in 2022.