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

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Cameron LNG hits new milestone

Sempra Infrastructure, a unit of Sempra, and its partners have shipped the 1,000th cargo of liquefied natural gas from the Cameron LNG export plant in Louisiana since 2019.

QatarEnergy LNG carrier wraps up trials in China

A 174,000-cubic-meter liquefied natural gas (LNG) carrier, built as part of QatarEnergy's massive shipbuilding program, has completed its trials in China, according to Hudong-Zhonghua.

KARMOL takes delivery of fourth FSRU

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has taken delivery of its fourth floating storage and regasification unit in Singapore.

NYK LNG carrier rescues 11 people in Atlantic Ocean

A liquefied natural gas (LNG) carrier managed by a unit of Japan's shipping giant NYK rescued 11 Portuguese fishers in the Atlantic Ocean on June 22.