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Brokers said the vessel in question is the 2002-built 137,100-cbm, Trader III, previously known as Puteri Intan Satu.
The steam LNG carrier, which was built by Mitsubishi Heavy Industries, was sold to an undisclosed demolition buyer for delivery in Bangladesh.
The price tag has not been revealed.
VesselsValue data shows that Evangelos Marinakis-controlled Capital Gas purchased this LNG carrier for about $32.5 million from Malaysia’s MISC in January 2023.
The data shows that the vessel was on a three-year charter with Energias de Portugal (EDP).
This is said to be the second LNG carrier sale for scrap this year after South Korea’s Hyundai LNG Shipping sold its 1996-built 127,100-cbm, Hyundai Greenpia, in January.
Martime consultancy Drewry just released a new report saying it expects more than 50 percent of current steam LNG carriers to be demolished by the end of 2030, with some finding conversion opportunities.
According to Drewry, modern LNG carriers will replace these carriers, with high deliveries scheduled between 2024 and 2027.
Drewry expects more than 100 candidates to be potentially removed by 2030, and “considerable” scrapping will be required to restore the supply-demand balance.
According to Drewry, LNG shipping rates will start to stabilize in 2027 and follow an upward trajectory thereafter.