Monday, March 28, 2022

"Greek Shipowners Rule Global LNG Carrier Market"

From Greek Reporter:

Greek shipowners control more than 22% of the global liquid natural gas (LNG) carrier fleet in deadweight tonnage terms, says a new report from the consultancy firm VesselsValue.

The report says that the Greek-owned fleet consists of 135 LNG tankers, out of a total of some 640 in the oceans and seas today.

Vessels that incorporate particularly demanding technologies, their construction costs range around $200 million apiece. The expansion of that fleet to cover the growing global demand is an effort that takes many years, because of that complexity.

Greece, and the rest of Europe, is currently in a race to reduce energy dependence on Russia following Moscow’s invasion of Ukraine, Prime Minister Kyriakos Mitsotakis said earlier in March, adding that LNG will play a prominent part in the diversification of supplies.

Greek shipowners’ LNG fleet is the most expensive in the world....

 ....MUCH MORE

The remembrance of this link was triggered by a Fimancial Times story flagged by the FT's natural resources Editor: