Falling average speeds and utilisation rates underscore LNG vessel oversupply, bringing freight prices to atypical lows

LNG freight prices have been trending lower this year as strong fleet growth outpaced liquefaction capacity additions. 52 newbuild carriers joined the fleet year to date, nearly double the number of deliveries in the same period last year. In contrast, new liquefaction capacity has been limited, with only 5.8 mtpa of additions in 2024. The …

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