TradeWinds: GasLog quarterly profit halves as company logs $8.7m value decrease on LNG trio

February 13, 2025 “Given minimal growth in LNG trade volumes and limited opportunities for floating cargoes, the market is experiencing an oversupply, which is now reflected in availability lists and declining rates.” The company quoted Poten & Partners figures estimating that 102 LNG carrier newbuildings are due to be delivered in 2025, which would boost the fleet to 770 vessels.

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