Malaysian giant hashtag#MISC is selling three steam turbine-powered LNG carriers—Puteri Firus Satu, Puteri Zamrud Satu (both built in 2004), and Puteri Mutiara Satu (2005)—as it transitions to modern tonnage.
These membrane-type vessels have a displacement of over 137,000 cubic meters. m are currently located in Malaysia and are available for sale—either for trading or demolition.
With scrap prices below $20 million and freight rates for steamships stagnating at around $20,000 per day, these vessels are unlikely to generate much commercial interest.
Brokers expect them to be scrapped due to their outdated steam technology and difficulties with recycling the perlite insulation in their membrane tanks.
MISC already sold two aging LNGCs (Puteri Delima and Puteri Nilam) in October, bringing the number of LNG decommissioned in 2025 to 15—a record high.
The average age of LNGC decommissioning has now dropped to 22–24 years, compared to a historical average of 30–35 years.
✈️ Steam turbines are rapidly disappearing from the industry. 2026 may be the last year of their use in LNG transportation.
Author: @iPr1nce
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