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 water today.
These are vessels that incorporate particularly demanding technologies and 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.
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
According to VesselsValue, in November 2021, the Greek-owned LNG carrier fleet was assessed to be the most expensive in the world, valued at $19.118 billion, followed by Japan’s ($18.1 billion), China’s ($10.4 billion) and South Korea’s ($9 billion).