Adnoc L&S sells two steam LNG carriers for scrap

UAE’s Adnoc L&S, a unit of state-owned energy giant Adnoc, has sold two steam liquefied natural gas (LNG) carriers for scrap, according to brokers.

Several brokers said that Adnoc L&S sold the LNG carriers Ghasha, built in 1995, and Al Khaznah, built in 1994.

The demolition buyer(s) of the Moss-type vessels were not disclosed.

The price is said to be between 615-620 ldt or about $21 million per vessel.

VesselsValue data shows that the 137,000-cbm Ghasha was located in the Eastern China Sea on Tuesday, while the 135,000-cbm Al Khaznah was located in Malaysia’s Malacca Strait.

Steam LNG carrier sales

Sales of steam turbine LNG carriers for demolition picked up this year.

South Korea’s Hyundai LNG Shipping was recently reported to have sold another steam LNG carrier for scrap.

The LNG carrier in question is Hyundai Cosmopia, built in 2000.

In January of this year, brokers reported that Hyundai LNG Shipping’s 1996-built steam LNG carrier, Hyundai Greenpia, had been sold for demolition.

This marked the first sale of an LNG carrier for demolition in 2025.

After that, brokers reported in May that Hyundai LNG Shipping sold the 2000-built 137,141-cbm, Hyundai Aquapia, and the 1999-built 137,219-cbm, Hyundai Technopia, for demolition.

In addition to these vessels, brokers also said H-Line Shipping sold its 2000-built HL Sur and HL Ras Laffan.

In March, Greece’s Capital Gas sold the 2002-built 137,100-cbm Trader III, previously known as Puteri Intan Satu, for demolition. Also, Japan’s MOL sold its 2004-built 137,500-cbm, Dukhan.

This indicates that at least ten steam LNG carriers were sold for demolition this year, marking a new yearly record for LNG carrier demolition sales.

Last year, the global LNG fleet had around 200 steamships, including 21 modern steamships.

A lot of these steamships were fixed on 20- to 25-year charters, and they are rolling off these charters in the coming years.

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