Greece's top five LNG carrier owners presently have a combined fleet worth just shy of $14bn, including ships worth $6bn which are yet to be commissioned.
According to research by ship evaluator VesselsValue, Greece's largest shipowner, John Angelicoussis' Maran Gas Maritime leads the way with its 27-strong trading fleet and 10 ships on order worth $3.98bn having grown since first entering the sector some five years ago to become one of the top private LNG owners globally.
However, the combined fleets of NYSE-listed Peter G Livanos-led GasLog Ltd and MLP spin-off GasLog Partners top Maran, with GasLog's fleet valued at $3.305bn and the partnership's fleet at $1.74bn. Christos Economou's fast expanding TMS Cardiff Gas comes in at $3.07bn. With 11 vessels, worth $2.4bn, TMS Cardiff holds the biggest orderbook.
Greece’s top five gas ship owners is rounded out by George Procopiou's Dynagas Holdings which VV valuing the fleet at $1.72bn.
According to Clarksons, Greek interests accounted for 32 of the 60 large-size LNG carrier newbuildings contracted in South Korea in 2018. Relative newcomers Evangelos Marinakis-led Capital Gas accounts for 10 of these worth $742.3m and Anna Angelicoussi-controlled, Alpha Gas, has orders worth some $562m, with more in the pipeline.
Meanwhile, Angelicoussis' Maran Gas Maritime has reportedly carried the most US LNG export cargoes for the third year in a row. According to latest data, the Athens-based company shipped 39 cargoes in 2018, ahead of Livanos' Gaslog, and MLP spin-off Gaslog Partners' 37 cargoes. Teekay was third with 28 LNG carriers. Tsakos Energy Navigation's (TEN) 174,000 cu m Maria Energy, built 2016, carried the most cargoes on an individual ship basis with eight shipments in 2018, reported Bloomberg.
Two South Korean owners – Korea Line Corp (KLC) and Hyundai LNG Shipping – made the top 10 with 14 and 11 cargoes, respectively. Two Chinese finance houses were also represented – ICBC Financial Leasing Co and China Development Bank – with 15 and four cargoes, respectively. The top 10 was rounded out by owners from Europe, Knutsen OAS Shipping, Golar LNG and Stena Bulk.