The LNG carrier demolition market has reached unprecedented levels in 2025, with a record number of vessels sold for recycling as owners move away from ageing steam turbine ships during a period of depressed spot rates. Notably, Abu Dhabi’s Adnoc Logistics & Services has sold its two oldest gas carriers, Ghasha and Al Khaznah, for recycling, each fetching over $20 million due to their valuable…
Industry
LNG
July 28, 2025
2025 Sees Record LNG Carrier Scrapping Amid Low Spot Rates
E
Ella Trusteddocks
Jul 28, 2025 · 15:10 UTC
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