Marinakis orders LNG carrier quartet at Hyundai Heavy

Marinakis orders LNG carrier quartet at Hyundai Heavy

South Korean shipbuilder Hyundai Heavy Industries (HHI) has announced that it has secured a contract from newly formed Evangelos Marinakis-led company Capital Gas Carrier for the construction of four LNG carriers.

The total value of the contract is KRW836.5bn ($744m) and construction of the vessels is expected to be completed by the end of June 2021.

The deal marks an entry into the LNG shipping business for Marinakis, with Capital Ship Management Corporation currently operating a fleet of 60 vessels made of 41 tankers, four bulkers and 15 boxships.

Greeks have led the way in LNG carrier orders this year, accounting for more than two thirds of all LNG vessels ordered.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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