Demand for LNG carrier newbuildings is running hot amid projections of increased mid to long-term demand for shipping and gas’ role as a transition fuel in decarbonisation.

Estimates swirl on the number of additional new vessels that might be needed, with figures ranging from 70 to 90-plus ships just for the sanctioned and under-construction liquefaction projects alone.

Fleet replacement and spot trading needs to have the potential to hike this number, particularly with incoming tougher emissions regulations from 2023.