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日本海事新聞ニュース Japan Maritime Daily Jul 30, 2025 (Wed)

Aged LNG Carrier Scrap Reaches All-time Highest Level

Scrapping of steam turbine vessels is increasing
 The scrapping of old LNG (liquefied natural gas) carriers is accelerating. So far this year, 10 LNG ・・・ %E3%80%80The+scrapping+of+old+LNG+%28liquefied+natural+gas%29+carriers+is+accelerating.+So+far+this+year%2C+10+LNG+carriers+have+been+sold+for+scrapping%2C+which%2C+according+to+the+UK-based+TradeWinds+newspaper%2C+is+the+highest+number+ever+scrapped+in+a+single+year.+Some+believe+that+the+number+of+LNG+carriers+scrapped+this+year+could+exceed+20%2C+as+there+are+more+than+20+old+LNG+carriers+currently+laid+up+%28moored%29.%3Cbr%3E%E3%80%80According+to+a+broker+report%2C+it+has+come+to+light+that+ADNOC+Logistics+%26+Services+%28L%26S%29%2C+a+shipping+and+logistics+company+under+Abu+Dhabi+National+Oil+Company+%28ADNOC%29%2C+has+sold+two+LNG+carriers+built+between+1994+and+1995+for+scrapping.%3Cbr%3E%E3%80%80According+to+VesselsValue%2C+a+UK-based+company+specializing+in+vessel+valuations%2C+eight+LNG+carriers+have+been+sold+and+scrapped+so+far+this+year.+Including+the+two+ADNOC+L%26S+vessels%2C+the+total+comes+to+10%2C+surpassing+the+eight+LNG+carriers+scrapped+last+year.%3Cbr%3E%E3%80%80The+old+LNG+carriers+to+be+scrapped+are+120%2C000-140%2C000-cubic-meter+vessels%2C+built+in+the+1990s+to+early+2000s%2C+and+are+equipped+with+steam+turbines+%28ST%29+as+their+propulsion+system.%3Cbr%3E%E3%80%80The+main+reason+for+the+increased+scrapping+of+old+vessels+is+the+sluggish+spot+market.%3Cbr%3E%E3%80%80The+number+of+new+LNG+carriers+entering+service+has+remained+at+a+historically+high+level%2C+with+about+60+vessels+last+year+and+just+over+80+this+year.+On+the+other+hand%2C+the+start-up+of+new+LNG+plants+has+been+delayed%2C+easing+the+supply-demand+balance+for+shipping+capacity.+Spot+charter+rates+continue+to+remain+below+the+break-even+point.%3Cbr%3E%E3%80%80The+average+annual+spot+charter+rate+%28per+day%29+for+LNG+carriers+dropped+sharply%3A+for+new+170%2C000-cubic-meter+vessels%2C+from+%24125%2C000+in+2023+to+%2454%2C000+in+2024%3B+and+for+140%2C000-cubic-meter+ST+vessels%2C+from+%2460%2C000+in+2023+to+%2426%2C000+in+2024.%3Cbr%3E%E3%80%80Currently%2C+spot+charter+rates+have+further+deteriorated+to+%2436%2C000+for+new+vessels+and+%245%2C000+for+ST+vessels.+Due+to+the+marked+deterioration+in+the+market%2C+more+owners+of+ST+vessels+are+giving+up+on+continuing+operations.+About+25+vessels+have+been+laid+up+with+their+crews+disembarked.%3Cbr%3E%E3%80%80Shipowners+will+either+wait+for+the+market+to+recover+while+laying+up+their+vessels+or+look+for+buyers.+However%2C+not+only+is+a+market+recovery+unlikely%2C+but+it+also+seems+difficult+to+sell+vessels+for+conversion+to+FSRUs+%28Floating+Storage+and+Regasification+Units%29+or+similar+purposes.%3Cbr%3E%E3%80%80New+GHG+%28greenhouse+gas%29+regulations+from+the+International+Maritime+Organization+%28IMO%29+are+also+encouraging+the+scrapping+of+LNG+carriers.%3Cbr%3E%E3%80%80The+greenhouse+gas+fuel+intensity+regulations+%28GFI+regulations%29%2C+scheduled+to+be+adopted+this+October%2C+are+expected+to+%E2%80%9Cimpose+severe+penalties+not+only+on+ST+vessels+but+also+on+new+DFD+%28dual-fuel+diesel+engine%29+vessels%2C%E2%80%9C+according+to+a+shipping+industry+source.%3Cbr%3E%E3%80%80The+global+LNG+carrier+fleet+is+approximately+750+vessels.+Of+these%2C+there+are+just+over+200+ST+vessels.+If+the+market+slump+continues%2C+there+is+a+possibility+that+scrapping+of+ST+vessels+will+progress.%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%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