SPECIAL REPORT: LNG shipping world changing; gas carriers expanding rapidly

The LNG shipping business is changing rapidly.As recently as 2004, its history may be briefly described as follows: It has evolved over the past 4 or 5 decades. A few owners, mainly fully integrated operations, have been the core of LNG shipping history and developed this highly specialized business steadily in close cooperation with charterers.LNG vessels have mainly been operated in fixed trades and enjoyed attractive long-term contracts. Development of new technical solutions has been limited.The competence of those involved in LNG shipping has been indisputable. LNG carriers typically exhibit good technical and operational standards. Vessels’ safety records have so far been amon...

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