The global fleet of liquefied natural gas carriers is expected to grow by around 28% by 2020 from the current 520 vessels as a slate of new US LNG projects enter service in the next few years, according to Maritime Strategies International analyst David Bull. An LNG tanker can cost as much as $175 million, but that has not deterred ship operators who see LNG as the most profitable shipping trade since the 1960s.
Global LNG fleet seen expanding as US boom roars on
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.