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Greeks add to their growing LNG orderbook

Photo of Sam Chambers Sam ChambersAugust 13, 2019
36 Less than a minute

The Greeks continue to dominate the LNG newbuild orderbook with South Korea’s Hyundai Heavy Industries (HHI) the latest recipient of their largesse.

Brokers Banchero Costa note in its latest weekly report that Tsakos Shipping has signed with HHI for one firm plus one option of a 179,000 cu m LNG carrier design. The firm ship will deliver in December 2021 and comes with a $190m price tag.

Meanwhile, Evangelos Marinakis-led Capital Gas has exercised its option to have the seventh vessel built at HHI since 2018. The vessel will cost $186m and deliver in the first quarter of 2022.

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Photo of Sam Chambers Sam ChambersAugust 13, 2019
36 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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