Peter Livanos-controlled GasLog expects LNG newbuilding prices to head upwards as more product comes online two major shipyards merge but says over 100 more vessels will be needed in the next five years.
Speaking at its London International Shipping Week event onboard the historic vessel Wellington, business development manager Matthew Higgs told invited guests, who included chairman Peter Livanos, that the company’s expectation is for newbuilding prices to keep rising, mainly driven to the wave of LNG arriving in next five years.
