World News
LR Sees 200,000 m3 LNG Carriers as Next Fleet Step
Lloyd’s Register (LR) has identified 200,000 m3 LNG carriers as a viable option for the next phase of fleet renewal.
An LR Advisory study for GTT, presented at Gastech 2026, assessed the vessels against global LNG terminals and modelled their commercial performance on Atlantic and Pacific routes, LR said in an emailed update on Wednesday.
The study found 88 LNG terminals could accommodate 200,000 m3 carriers, compared with 97 for conventional 174,000 m3 vessels.
LR said the accessible network still includes many major LNG hubs across Asia Pacific, Europe, North America and the Middle East.
Vessel beam was found to be the key factor in terminal compatibility, alongside draft and displacement, while three- and four-tank designs showed no material difference.
The commercial assessment indicated potential owner benefits of around $85.5 million over 30 years, supported by higher cargo capacity and improved transport efficiency.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 892.50 | 3.00 | 1247.50 | 33.50 |
| Rotterdam | 735.00 | 20.00 | 1368.50 | 5.50 |
| Houston | 757.50 | 5.50 | 1393.50 | 26.00 |
| Fujairah | 973.00 | 5.50 | 1677.00 | 17.50 |
| Global 20 Ports Average | 887.50 | 8.00 | 1516.50 | 32.00 |
| Global 4 Ports Average | 839.50 | 6.00 | 1421.50 | 21.00 |
| Global Average Bunker Price | 944.00 | 15.50 | 1584.50 | 8.00 |
Popular Now More
-
Oct 12The tools also record won and lost bunker enquiries, giving trading desks a fuller history to support commercial decisions. -
Oct 13Wardah Mudah and Daniel Ong join ahead of SIBCON as the supplier says it intends to grow the office further. -
Oct 13Ships on order have an implied demand of 64 million mtoe a year.