Commodity Market Report

Global LNG shipping – orders and deliveries

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What’s inside?

Our report identifies LNG transportation trends in shipping, including changes in LNG ship charter rates, order and delivery patterns.

It comes with a complete set of data on the LNG transportation fleet and order book, including a list of all new LNG ship orders and deliveries for 2018/ 2019.

12 May 2022

Global LNG shipping – orders and deliveries

Report summary

Spot-charter rates for LNG ships are slowly moving upwards after hitting multi-year lows in January and February. But even after accounting for expected softness in Q1 and early Q2, rates continue to be subdued, averaging just US$42,500/day in April. The requirement for Atlantic basin LNG supply to meet spot demand in the Pacific, a dynamic that is key in determining available shipping capacity for spot deliveries, is lower than normal. Five LNG carriers were delivered to their respective owners during March and April, and a whopping 46 newbuild LNG ship orders have been placed so far in 2022. In Q1, a historically quiet period for newbuild orders, shipyards received 36 orders for LNG carriers – the highest previous Q1 total was 12 orders, placed in 2019. Ordering activity continued at the same pace during April, with a further 10 orders placed. As a result, we now expect 56 LNG carriers to be delivered into the LNG fleet during 2025.

Table of contents

  1. Executive Summary
  2. New orders
  3. Deliveries 2019
  4. Deliveries 2018
  5. Charts
  6. Notes

Table of contents

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What's included

This report contains:

  • Document

    global_lng_shipping_orders_and_deliveries.xlsx

    XLSX 194.09 KB

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    Global LNG shipping – orders and deliveries

    PDF 777.87 KB