This story requires a subscription
This includes a single user license.
Brokers said that Hyundai LNG Shipping sold the LNG carrier Hyundai Cosmopia, built in 2000, to an undisclosed demolition buyer.
No further details regarding the sale of the 137,219-cbm Moss-type LNG carrier have been revealed.
VesselsValue data shows that the LNG carrier was located at PaxOcean’s yard in Batam, Indonesia, on Monday.
According to the data, the demolition value of Hyundai Cosmopia exceeds $17 million.
In January of this year, brokers reported that Hyundai LNG Shipping’s 1996-built steam LNG carrier, Hyundai Greenpia, had been sold for demolition.
This marked the first sale of an LNG carrier for demolition in 2025.
After that, brokers reported in May that Hyundai LNG Shipping sold the 2000-built 137,141-cbm, Hyundai Aquapia, and the 1999-built 137,219-cbm, Hyundai Technopia, for demolition.
In addition to these vessels, brokers also said H-Line Shipping sold its 2000-built HL Sur and HL Ras Laffan.
In March, Greece’s Capital Gas sold the 2002-built 137,100-cbm Trader III, previously known as Puteri Intan Satu, for demolition. Also, Japan’s MOL sold its 2004-built 137,500-cbm, Dukhan.
This indicates that at least eight steam LNG carriers were sold for demolition this year.
Last year, the global LNG fleet had around 200 steamships, including 21 modern steamships.
A lot of these steamships were fixed on 20- to 25-year charters, and they are rolling off these charters in the coming years.