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

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

More News Like This

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.

Cosco Shipping Development, MOL seal sale and leaseback deal for LNG carrier

Cosco Shipping Development, a unit of Cosco Shipping, has entered into a sale and leaseback agreement with a unit of Japan's MOL for one 271,000-cbm LNG carrier.

NYK, partners take delivery of QatarEnergy LNG carrier

Japan’s NYK and its partners K Line, Malaysia’s MISC, and China’s CLNG have taken delivery of a 174,000-cbm LNG carrier built under the massive QatarEnergy shipbuilding program.