The LNG shipbuilding market is suffering from shipyard capacity constraints and very limited flexibility when it comes to technical solutions for the cargo containment system.
Current market prices for 175,000-cbm LNG carriers are more than $260m, and the lead time seems to be in the range of four years or more.
Over the years, a few alternative cargo containment systems have been launched, but market penetration and commercial success have proven difficult so far.
