One in three LNG carriers on order are Greek

One in three LNG carriers on order are Greek

Ten years ago LNG was a rare segment that was not dominated by the Greeks. As the dawn of a new decade beckons, the world’s largest shipowning nation has gained strong leadership in this most capital-intensive of cargo shipping interests.

Latest statistics from Greek brokers Intermodal show that Greek owners now account for 32% of the global LNG orderbook.

Last week, Splash reported Tsakos had signed with Hyundai Heavy Industries (HHI) for one firm plus one option of a 179,000 cu m LNG carrier design, while Evangelos Marinakis-led Capital Gas exercised its option to have the seventh vessel built at HHI since 2018.

Data from Clarkson Research Services shows that following record ordering levels in the sector in 2018, a total of 33 LNG carriers have been reported ordered in the year so far, down 31% year-on-year on an annualised basis, but still a “relatively firm” level of contracting in historical terms, Clarkson noted in its most recent weekly report.

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.

Related Posts