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

Venture Global seals new deals to support expansion of its power network

US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.

Venture Global gets approval to place first Plaquemines LNG phase in service

Venture Global’s Plaquemines LNG has secured approval from the US FERC to place Phase 1 of its LNG export plant in Louisiana into service.

Hanwha Ocean, Posco plan to build LNG carrier with high-manganese steel tanks

South Korean shipbuilder Hanwha Ocean and steel producer Posco plan to build a liquefied natural gas (LNG) carrier equipped with high-manganese steel cargo tanks.

More News Like This

MISC JV seals Malaysian LNG carrier charter deal

A joint venture of Malaysian LNG shipping firm MISC and Japan's NYK has signed a long-term charter agreement with Malaysia LNG (MLNG), a unit of Petronas and operator of the giant Bintulu LNG complex, for one 18,700-cbm LNG carrier.

Japan’s first LNG bunkering ship wraps up 200th STS op

Japan’s first LNG bunkering vessel Kaguya has completed its 200th ship-to-ship fueling operation since October 2020.

Golar buys conversion vessel for fourth FLNG

Floating LNG player Golar has agreed to acquire the LNG carrier Grace Dahlia from Japan's NYK Line to convert it into a floating LNG production unit.

MOL to operate Japan’s LNG-powered Arctic research vessel

Japan's shipping giant MOL has signed a deal to operate Jamstec's LNG-powered research vessel, Mirai II.