second life

Indonesian Owners Give Older LNG Carriers a Second Life Amid Sliding Values

Indonesian owners have bought six large LNG carriers in 2026, half of which were laid up, as vessel values continue a four-year decline. Sillo Maritime Perdana and Soechi Lines each purchased a 158,000 cu m MISC vessel for about $65m, while Buana Lautan Line bought a 138,000 cu m steam turbine carrier for $14.9m. The reactivation of idle tonnage affects LNG shipping supply, while one older vessel is being scrapped.