With U.S. LNG exports rising, more LNG carriers are travelling longer distances to customers in North Asia and Europe while European countries have snapped up floating storage and regasification units (FSRUs) as they ramp up LNG imports to replace Russian gas supplies in the wake of the Ukraine crisis. This supports spot chartering rates for LNG carriers which have hit all-time highs. KSOE's capacity is nearly full with orders stretching to 2025, he said, adding that container ships and LNG carriers each account for about 30% of slots. KSOE builds 20 to 22 LNG carriers per year. Hyundai Heavy is building container ships for A.P.

Source: The Star June 02, 2022 08:05 UTC