Delayed deliveries delight: Global LNG shipping - fleet database update

Just two-thirds of the 39 vessels scheduled for delivery in 2016 had been delivered by early December; bringing some relief to owners struggling in an over-supplied market. The 26 vessel already delivered have expanded fleet capacity by 6.6% in 2016; if all the other 13 scheduled vessels are delivered in December fleet capacity will expand 9.9% in 2016. Without further ship retirements or delivery slippage, fleet capacity will grow 9.6% in 2017 and 8.5% in 2018. Five new LNG ships have been ordered so far in 2016.  Further details of these new orders and recent changes to the current fleet ownership and employment have been captured in our updated LNG fleet database; which can be found in the related Excel download.