Brokers said the vessel in question is the 2002-built 138,000-cbm, Trader II, previously known as British Trader.
The steam LNG carrier, built by Samsung Heavy Industries, was sold to an undisclosed demolition buyer on an “as is” basis in Singapore.
The price is said to be about 480 per ldt.
VesselsValue data shows that the LNG carrier was heading from Singapore to Chattogram, Bangladesh, on Monday.
The demolition value of the vessel is approximately $15 million, according to the data.
In 2022, Capital Gas purchased this vessel from UK-based Lloyds Banking Group for about $33 million.
This marked the first purchase of a secondhand LNG carrier for Capital Gas.
Besides this vessel, Capital Gas sold the 2002-built 137,100-cbm, Trader III, previously known as Puteri Intan Satu, for demoltion earlier this year.
With this sale, Capital Gas has no more steam LNG carriers in its fleet.
Sales of steam turbine LNG carriers for demolition picked up this year, reaching a record high.
Before this sale, brokers reported that at least ten steam LNG carriers were sold for demolition this year.
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.
