Additional new order for LNG carrier is estimated to be over 100 ships by 2020, excluding already ordered ones.
Mitsui O.S.K Lines of Japan revealed that long-term demand for LNG carrier would lower by speculative orders mainly from Greek and North European owners.
Growth of newbuilding orders would bring imbalance of supply and demand in 2013-2015, while tonnage shortage appears again after 2017.
Also, LNG-carrier fleet is expected to be short up to next year and shipping market to grow.
According to MOL, demands for newbuilding LNG carriers to be 104 ships by 2020.
A total of 67 LNG carriers seem to be needed afterwards, including 12 ships to be operated in projects with FID (Final Investment Decision), 35 vessels to increase production from existing plants and 26 ships to replace scrapped ones, however, total amount was down-adjusted to 67.
Considering already new ordered 55 vessels, 12 pieces are short.
Assuming annual supply from new projects in 2016-2020 to be about 73m ton and annual capacity apiece as 790,000 t, about additional 92 newbuilding LNG carriers are estimated to be needed. Thus, adding the shortage of 12 ships, a total of 104 LNG carriers seem to be in demand by 2020.