LNG

LNG carrier ordering activity in the first half of 2026 has rebounded from last year’s slowdown, with MS Cardiff Gas, Hayfin and BW LNG again seen circling Korean shipyards for 2029 delivery windows.

Global LNG fleet growth is lagging behind upcoming export capacity, although IMO data indicates that 2026 deliveries will mark a record year. Yet the 234 newbuild LNG carriers scheduled for 2026–2030 could fall short of transporting the 229 mtpa of new liquefaction capacity due online by 2030, particularly if vessel retirements accelerate.