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LNG Market Downturn Forces Owners To Scrap Aging Fleet; 60 Carriers Remain Idle

Summary by Marine Insight
Older LNG ships, especially those with steam turbine propulsion, are no longer able to compete with modern vessels.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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Marine InsightMarine Insight

LNG Market Downturn Forces Owners To Scrap Aging Fleet; 60 Carriers Remain Idle

Older LNG ships, especially those with steam turbine propulsion, are no longer able to compete with modern vessels.

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Marine Insight broke the news in on Tuesday, May 27, 2025.
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