Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Brokers said the vessel in question is the 2000-built 137,000-cbm LNG Jamal.

The vessel was reportedly sold for 650 per ldt ($20.3 million) to an undisclosed demolition buyer.

No further details have been revealed.

VesselsValue data shows that the LNG Jamal’s demolition value is about $16 million.

The data shows that the vessel was owned by a consortium consisting of NYK, Osaka Gas, MOL, and K Line.

Sales of steam turbine LNG carriers for demolition picked up this year, reaching a record high.

Before this sale, brokers reported that at least eleven steam LNG carriers were sold for demolition this year.

Greece’s Capital Gas recently sold the 2002-built 138,000-cbm, Trader II, previously known as British Trader.

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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