Stephen Stapczynski and Anna Shiryaevskaya

Business, Fuel, Logistics

Winter LNG Boom Creates Most Expensive Cargo Ships in History

Tug boats tow an LNG vessel in Geoje, South Korea, in February 2019. (SeongJoon Cho/Bloomberg News) Tug boats tow an LNG vessel in Geoje, South Korea, in February 2019. (SeongJoon Cho/Bloomberg News)

An unprecedented shortage of liquefied natural gas tankers has made them the most expensive ships ever hired to ferry commodities.

January 11, 2021