VesselsValue: Japan remains top LNG carrier owner

Japan owns the world’s most valuable fleet of liquefied natural gas (LNG) carriers, and the nation is followed by Greece and China, according to the newest data by VesselsValue.

The value of the Japanese LNG fleet stands at $37.8 billion as of February 2024, Veson Nautical’s VesselsValue said on Tuesday.

Also, the value of the Japanese LNG fleet rose from $30.3 billion since VesselsValue’s last report in November 2022.

Out of the top ship owning countries, Japan owns the highest value fleets for LNG and LPG vessels by both value and by volume at 202 LNG vessels and 344 LPG carriers, it said.

Japan’s MOL and NYK both have huge LNG fleets.

Greek LNG fleet, which was first in 2021, has a value of $31.1 billion while China’s LNG fleet is worth $21.1 billion.

In terms of overall fleet value, Japan continues to lead, taking number one spot owning the highest valued fleet and, holding a total of about $206.3 billion in assets, VesselsValue said.

This is an increase of 5 percent since the last report in November 2022.

China has the largest number of vessels

China maintains its top position by vessel ownership, boasting a total of 6,084 vessels and a current fleet value amounting to $204 billion, VesselsValue said.

The country owns the largest bulker fleet, both in terms of vessels and values, and also owns the largest number of tankers and containers.

Greece has maintained its position as the third-ranked country by both total number of vessels in its fleet and overall value.

The country is also the owner of the second largest LNG fleet, with 143 vessels, VesselsValue said.

Most Popular

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

Hoegh Evi, SEFE ink hydrogen pact

Norwegian FSRU player Hoegh Evi, previously known as Hoegh LNG, is joining forces with German gas importer Securing Energy...

More News Like This

Hudong-Zhonghua delivers new QatarEnergy LNG carrier

China's Hudong-Zhonghua has delivered another 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding...

MOL and Jera pen new charter deal for newbuild LNG carrier

MOL said in a statement on Wednesday it has signed the long-term charter deal with a vessel operation management...

MOL, TotalEnergies name newbuild LNG carrier in South Korea

South Korea’s Hanwha Ocean held on Friday a naming ceremony for one 174,000-cbm LNG carrier it built for Japan's...

Hudong-Zhonghua launches two LNG tankers

Chinese shipbuilder Hudong-Zhonghua has launched two 174,000-cbm liquefied natural gas (LNG) carriers. According to a statement by Hudong-Zhonghua, the launching...