Greek Shipowners Betting Billions on Gas
Greek shipowners have spent an unprecedented $18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes according to new research by Veson Nautical's data intelligence arm VesselsValue.Approximately $13.8 billion of the figure has been spent on 59 liquefied natural gas (LNG) vessels, and approximately $4 billionn on 41 liquid petroleum gas (LPG) vessels, according to the new report, ‘Greek Speculative S&P Investments’.
NYK Opens LNG Ship Management Company in Hong Kong
In December 2023, NYK jointly established OPearl LNG Ship Management Company, a ship management company to be based in Hong Kong that will manage LNG carriers. An opening ceremony for the office was held on April 18.OPearl was founded together with CMES LNG Shipping Company, a subsidiary of China Merchants Energy Shipping, and CETS Investment Management (HK), a subsidiary of the CNOOC Group, a Chinese energy company.OPearl will manage LNG carriers, including six vessels which…
Nakilat Chooses Shell to Manage LNG Fleet
Qatar Gas Transport Company (Nakilat) has appointed Shell International Trading and Shipping Company Limited to manage its fleet of 27 new liquefied natural gas carriers in a 25-year deal, according to a report on www.gulfnews.com. Under the arrangement it is expected that operational management will be transferred to Nakilat within 12 years, the report said. Shell will provide a range of shipping services to Nakilat including ship management as well as the transfer of know-how and expertise to allow Nakilat to develop its own LNG ship management company in Qatar. This new fleet of LNG vessels, currently under construction, will be put into service over the next four years to transport gas from four of Qatar's major LNG projects: Qatargas II Qatargas 3 and…
Shell to Manage Nakilat’s LNG Fleet
Qatar Gas Transport Company Ltd (Nakilat) has appointed Shell International Trading and Shipping Company Limited (Shell) to manage its fleet of at least 27 new LNG carriers in a 25-year deal. Under this arrangement it is expected that Operational Management will be transferred to Nakilat within 12 years. The agreement will involve Shell providing a range of shipping services to Nakilat including ship management as well as the transfer of know how and expertise to allow Nakilat to develop its own LNG Ship Management Company in Qatar, a news release said. This new fleet of LNG vessels, currently under construction, will be put into service over the next four years to transport product from four of Qatar's major LNG projects: Qatargas II (Train 5)…
