Allied Shipbroking points out that while the LNG sector faced considerable challenges last year, several key trends emerged despite the turbulence.
Last year brought significant challenges to the LNG sector, with spot rates plummeting across all vessel types due to fleet oversupply and muted demand.
Despite the turbulence, key trends emerged:
- Record fleet expansion with 67 new vessel deliveries.
- China and India as demand leaders, boosting imports by 5.5% and 13.4%, respectively.
- Fleet renewal gains momentum with record scrapping of older steam-turbine carriers.
According to Allied, looking ahead, while 2025 may bring a modest recovery, 2026 is set to redefine the market with tightening fundamentals and new liquefaction capacity driving a brighter outlook.
