Maritime History Notes: Pioneering LNG carriers

LNG oversea shipments began only 62 years ago.

The explosive growth in natural gas consumption was made possible by a revolutionary means of sea transportation.

Today, shipment of liquefied natural gas (LNG) is a routine maritime event. There is a fleet of over 300 ships capable of carrying such cargoes, including many ships with the ability to carry 100,000 tons or more. Earlier this month, it was reported that the daily charter rate for a ship was $350,000. This is the highest rate ever paid for a cargo ship. However, it was only 62 years...

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