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Brokers said the Moss-type 127,137-cbm LNG carrier was sold on “as is” basis for delivery in Singapore.
The price is said to be about $635-$640 per ldt, or some $19.4 million.
VesselsValue data shows that the LNG carrier was anchored offshore Singapore on Monday.
The vessel served a long-term charter deal with LNG importing giant Kogas, which ended last year, the data shows.
This is probably the first LNG carrier sale for demolition in 2025.
Last month, South Korea’s H-Line Shipping sold one steam LNG carrier for scrap.
The 1995-built 130,000-cbm, HL Pyeongtaek, also served a long-term charter deal with Kogas.
HL Pyeongtaek is said to be the eighth steam LNG carrier sold for demolition in 2024.
Prior to this move, brokers reported in November 2024 that South Korea’s SK Shipping sold four old LNG carriers for scrap.
Flex LNG CEO Øystein Kalleklev said in November 2024 that there are around 200 steamships in the LNG carrier market, including 21 modern steamships.
He said a lot of these steamships were fixed on 20, 25-year charters, and they are rolling off these charters in the coming years, with about 75 of these ships being returned from long-term charters in the next 24 months.
“What we expect will happen here is a mass EEXI-tinction. So EEXI means Energy Efficiency for Existing Ships Index, which is part of the IMO rules to reduce greenhouse gas emissions for the shipping sector,” he said.
Kalleklev said these ships are now “technically and commercially obsolete, and we do think scrapping activity will take up, and which we do think will rebalance the market in 2027.”