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Global LNG fleet seen expanding as US boom roars on

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.

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