Ordering of LNG carriers, a highly complex and expensive ships, has been dominated by securing of long-term charters, with a duration ranging from 10 to 30 years. However, there have been some shifts in the ordering patterns in the recent years driven by the development of commercial flexibility and shorter-term transactions leading to an increase in subchartering for short duration or even by voyage.
Citing shipbroker reports, Awilco said that the current orderbook for LNG vessels above 100,000 cbm (excl. FSRU and FLNG) counts 93 vessels, of which 37 are potentially available for contract.
