SIMIC

THE American Bureau of Shipping (ABS) delves into the Liquified Natural Gas (LNG) value chain and examines prevailing trends in LNG shipping, reports Athens' Safety4Sea.

According to ABS, while the specific incentives and financial institutions' involvement may vary by region, the overarching trend is a shift towards endorsing and promoting blue and green LNG through regulatory measures, policies, green financing opportunities, and participation from international financial entities.



Additionally, ABS explores market trends, which can be summarized as follows:



In recent years, the LNG carrier (LNGC) fleet has experienced significant growth, primarily driven by the expansion of LNG production and the establishment of new liquefaction facilities in various regions.



This expansion is anticipated to persist as the demand for LNG continues to rise, particularly in Asia, where countries such as China, Japan, and South Korea have emerged as prominent LNG importers.



This burgeoning demand is evident in the order book, which showcases a substantial number of LNG carriers being constructed to meet the projected requirements of these dynamic markets.