Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 214

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 4
Chunk 214
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uez Canal, often required for many long-haul trade routes. In addition, ships with membrane systems, such as the Gaz Transport membrane system, tend to operate more efficiently with less wind resistance as compared to the ships with Moss Rosenberg systems. Generally, ships with membrane systems achieve better speed due to improved hull utilization, reduced cool down time, and better terminal capacity.
LNG Fleet
The cargo capacity of an LNG carrier is measured in cbm. As of February 28, 2025, the worldwide fleet totaled 774 ships with a combined capacity of 116.7 million cbm. The breakdown of the fleet by vessel size is shown below.
The LNG Fleet by Vessel Size: February 28, 2025

       ​          ​    ​    ​      ​   
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           Size       No.       000 Cbm
   0-17,999 cbm        50           339
  18-49,999 cbm        28           694
  50-74,999 cbm         4           278
 75-124,999 cbm         6           475
125-149,999 cbm       166        23,523
150-199,999 cbm       469        79,869
200-219,999 cbm        37         7,809
   220,000+ cbm        14         3,727
          Total       774       116,714
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Source: Drewry
The changes in LNG fleet supply are a function of deliveries of new ships from the orderbook and the removal of existing vessels through scrapping. The increases in seaborne LNG trade and ship demand over the last three years have resulted in rapid growth in the overall fleet size. LNG fleet capacity has expanded at a CAGR of 7.2% per annum between 2014 and 2024. High deliveries in the last four years have led to a sharp increase in LNG fleet in these years.

68

<{self.tag} alt="{self.alt}" src="{self.src}">LNG Fleet: 2015- February 2025
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Source: Drewry
Within the current worldwide fleet, there are only 76 vessels with ice class certification and these vessels account for close to 9.6% of the global LNG fleet. These ships are a niche part of the market and command a premium over the freight rates of non-