Indonesian owners give older LNG carriers a second life
Indonesian buyers have taken six large LNG carriers in 2026, reviving laid-up MISC and Seapeak ships as segment values slide.
Indonesian owners are continuing to buy up older large LNG carriers, giving laid-up ships a second life just as segment values slide. About a month ago brokers flagged MISC's sale of the 158,000 cu m sisters Seri Balhaf (2008) and Seri Balqis (2009), both built at Mitsubishi Heavy Industries, with buyers pointing to Indonesia.
Sillo Maritime Perdana, via subsidiary Golden Prima Maritime, has now emerged as the buyer of the Seri Balqis, renamed Golden Queena - its first large diesel-engine LNG carrier. The Seri Balhaf went to Soechi Lines, renamed SC Prestige, lifting Soechi's large LNG fleet to four. VesselsValue pegs each former MISC ship at around $65m.
Indonesian owners have now bought six large LNG carriers this year, roughly half previously laid up. In March, Buana Lautan Line took the 138,000 cu m Seapeak Jupiter, a 2002-built steam turbine unit, for $14.9m, renamed Gas Polaris. The buying runs against a weak backdrop, with LNG carrier values down for four consecutive years. Meanwhile Asyad Shipping is scrapping a 2001-built MHI carrier off Alang.
Source: Splash247; broker reports; VesselsValue.
