Global LNG Shipment Delivers Will Set a New Record in 2018

The global LNG fleet will deliver 65 ships in 2018, setting a record high. The Qatar and its company, Nakilat, will respectively become the world's largest LNG shipowner country and the world's largest LNG shipowner.

VesselsValue’s data show that up to now, 22 LNG carriers have been delivered worldwide in 2018, with a total value of $3.9 billion.

During the rest of this year, another 43 LNG carriers will be delivered with a total value of $7.7 billion. It is expected that the total capacity of LNG carriers delivered globally in 2018 will reach 10.23 million cubic meters, making 2018 the year with the largest delivers.

Although it is highly probable that these 65 carriers cannot be delivered on time, these deliveries data will still break the record.

 It is worth mentioning that these data do not include the number of Floating Storage and Regasification Units (FSRU), but only includes large-scale LNG carriers, small and medium-sized LNG carriers and RLNG.

VesselsValue's data also show that currently the number of LNG carriers has reached 600, of which 499 ships are in operation, and 101 are for handheld orders under construction, with a total operating capacity of $50.5 billion and a transportation capacity of 75.6 million cubic meters.

Ranking of Largest LNG Shipowners

LNG carriers holding the Japanese flag rank first in the world with a total number of 87, followed by carriers holding Greece flag and Qatar flag, with a respective total number of 60 and 59.

Ranked by ship capacity, Qatar becomes the world's largest LNG shipowner country with its capacity of 12.2 million cubic meters. Japan ranks second with a capacity of 11.9 million cubic meters, and Greece third with a capacity of 9.6 million cubic meters.

In terms of fleet value, Greece ranks first, Japan second, and Qatar third.

Qatar’s Nakilat remains the world’s largest LNG shipowner. It owns 33 wholly-owned LNG carriers with a total value of $4.9 billion and the value of joint venture owned LNG carriers is not included in this data.

Teekay LNG, registered in Bermuda, owns 22 wholly-owned LNG carriers with a total value of $2.6 billion, ranking the second in the world.

MITSUI O.S.K. LINES LTD in Japan has 21 LNG carriers with a total value of $2.4 billion, ranking the third in the world.

It holds a handheld order for 15 LNG carriers, which has a total value of $3.1 billion. Teekay LNG holds a handheld order for 12 carriers with a worth of $2.7 billion while Qatar’s Nakilat holds no orders.