Greek gas carrier boom: 16 owners hold US$15.7Bn orderbook

Dimitris Roumeliotis, research analyst at Xclusiv Shipbrokers, told Riviera that the Greek gas carrier orderbook includes 97 vessels, with 52 of them being LPG carriers (including VLACs) and 45 being LNG carriers, collectively valued at US$15.67Bn.

Sixteen shipping companies are behind these newbuilding projects, with Greek owners remaining particularly active this year, having signed contracts for 31 new vessels between January and September.

Greek owners hold the second-largest orderbook in the gas carrier segment, trailing Japanese shipping companies, which have orders for 113 vessels. Chinese and Singaporean owners follow, with 68 and 61 ships under construction, respectively. The global orderbook comprises a total of 630 gas carriers.

Leading owners 

Data from Xclusiv Shipbrokers shows that the Evangelos Marinakis-backed Capital Group leads the Greek gas carrier orderbook, with 24 vessels under construction, the majority being LNG carriers, followed by medium gas carriers (MGCs) and handy LPG vessels.

Kriton Lentoudis’s Evalend Shipping has built a diversified fleet in recent years, with a focus on gas carriers. The company’s orderbook includes 14 vessels, divided between LNG carriers and VLGCs.

Another prominent player, George Economou, has an orderbook of 11 vessels through TMS Group, concentrating on LNG carriers and VLGCs. Although it has been inactive this year, Maria Angelicoussis’s Maran Gas also maintains a significant orderbook of nine LNG carriers. Additionally, George Prokopiou’s Dynagas has eight LNG carriers currently under construction.

The remaining Greek orderbook is distributed among companies such as Alpha Gas, Latsco Shipping, Naftomar, Atlas Maritime, Benelux Overseas, GasLog, Mivera Marine, Sea Hawk Maritime, Stealth Maritime, Dorian LPG, and Paradise Navigation.