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Newbuild demand backed by long-term views on LNG expansion

GTT sees room for newbuild orders to grow for LNG and ethane carriers despite the headwinds from the coronavirus outbreak. Record-level liquefaction capacity being developed represents a long-term market view that also supports shipping demand, it argues

The investment decisions announced last year in new plants with over 70m tonnes per annum of liquefaction capacity spell more orders for LNG tankers in the next three years, according to GTT chief executive

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