Hormuz Crisis Drives LNG Demand Surge and Boosts Korean Shipbuilder Order Books

Escalating conflict involving Iran following U.S. and Israeli airstrikes raises the prospect of a prolonged Hormuz crisis, threatening approximately 20% of global LNG flows through the strait. Shippers and logistics operators should anticipate upward pressure on LNG freight rates and potential supply disruptions as vessels face diversion or delays. Rising LNG carrier orders at Korean shipyards signal that the market is pricing in a sustained shift in tonnage supply dynamics, with new capacity years away from delivery.