LNG shipping capacity expanded 7.1% in 2016 with 28 new ships delivered to the fleet and just one scrapped. The rate of growth would have been higher if there hadn’t been delays to scheduled delivery dates. Currently 48 vessels are scheduled for delivery in 2017 which would see the fleet grow by 11.8% without any scrapping or further delivery slippage (which we expect again). Ships in the Atlantic basin enjoyed a late year rally in spot/short-term freight rates as Atlantic LNG supply was drawn to Asia by higher prices at the year-end; but in general rates remained low, averaging US$33,500/day in 2016. This helped keep orders for new ships at the lowest level since 2010, with just six ships contracted in 2016 – one of which was an FSRU. Shipowners have exercised restraint, despite temptingly low newbuilding prices (for larger more fuel-efficient ships) being offered by troubled shipyards. Excel download of LNG fleet database and statistics included.