LNG Carriers Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to lng carriers market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

LNG Carriers Market News

in LNG carriers Market
  • In April 2025, Hudong-Zhonghua, a Chinese shipbuilding company announced the launch of its new 174,000-cbm liquefied natural gas (LNG) carrier. The company is building this vessel for NYK and CNOOC, who collectively ordered 6 174,000-cbm LNG carriers at USD 1.2 billion back in 2022.
  • In March 2025, Crowley, a United States-based marine and energy organization announced the launch of a new LNG carrier. The new carrier was launched to transport LNG to an energy company in Puerto Rico called Naturgy whilst featuring a massive capacity of 130,400 cubic meters of natural gas in each trip.
  • In January 2025, China’s Jiangnan Shipyard announced the launch of the third LNG carrier ordered by UAE’s Adnoc from its order of six vessels back in 2022. The 175,000-cbm LNG carrier named Al Reef is the latest addition to Adnoc’s LNG business expansion efforts.
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Global LNG Carriers Market size was valued at USD 134.7 Billion in 2023 and is poised to grow from USD 142.51 Billion in 2024 to USD 223.74 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).

LNG carrier providers should focus on improving the sustainability of their offerings to comply with emission regulations. Europe is estimated to emerge as a highly opportune region for companies as per this global LNG carriers market analysis. 'Samsung Heavy Industries Co. Ltd.', 'Hyundai Samho Heavy Industries Co. Ltd. ', 'Daewoo Shipbuilding and Marine Engineering Co. Ltd.', 'STX Offshore and Shipbuilding CO., LTD.', 'Mitsubishi Heavy Industries Ltd.', 'Kawasaki Heavy Industries Ltd. ', 'China Shipbuilding Trading Co. Ltd.', 'Japan Marine United Corporation', 'HJ Shipbuilding & Construction Company, Ltd.', 'Mitsui O. S. K. Lines Ltd (MOL)'

Technological innovations in LNG carrier design, such as dual-fuel engines, boil-off gas (BOG) re-liquefaction systems, and membrane containment technologies, enhance operational efficiency and safety. These advancements reduce fuel consumption, lower emissions, and increase cargo capacity, making new carriers more attractive for operators. As environmental regulations tighten, energy-efficient and eco-compliant vessels gain preference. New-built LNG carriers that feature such technologies are more cost-effective over their lifecycle thereby favoring the global LNG carriers market outlook.

Shift Toward Dual-Fuel and Eco-Efficient Vessels: LNG carrier manufacturers are focusing on the adoption of dual-fuel engines and eco-friendly technologies to meet strict environmental regulations. New-generation LNG carriers are being designed with dual-fuel diesel-electric propulsion and boil-off gas (BOG) re-liquefaction systems to reduce emissions and fuel costs. These vessels comply with IMO decarbonization mandates and offer long-term operational savings. Hence, as sustainability emphasis rises, this LNG carriers market trend is expected to become indispensable through 2032.

Why is Asia Pacific a Market of High Interest for LNG Carrier Companies?

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Global LNG Carriers Market
LNG Carriers Market

Report ID: SQMIG10F2025

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