Stranded at Sea: LNG Carrier Overbuild and Financial Risk

​The expanding LNG carrier fleet risks locking in fossil fuel infrastructure at a rate incompatible with global climate targets, leaving long-lived vessels exposed to declining demand and stranded assets. This session will preview SFOC’s upcoming research on fleet overbuild and ownership exposure alongside updated data from KCC’s Investment Risk Monitor, examining how these risks are distributed across shipowners, shipyards, charterers, and lenders.

​The discussion will distinguish vessels backed by long-term charters from speculative or short-charter orders, highlighting where financial exposure is concentrated and poorly disclosed. It will also connect vessel financing to the LNG projects it enables and their impacts on marine biodiversity and affected communities, exploring gaps in due diligence and accountability across the gas value chain.