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 Moss-type containment systems. This brings the total number of LNG carriers scrapped in 2025 to nine, already surpassing last year's tally. Analysts expect more owners to follow suit as market conditions in the LNG carrier sector remain soft.