MOL ‘Stands Tall’ in the World’s Most Valuable Fleet of LNG Carriers

1498

An article in Riviera Maritime Media breaks down the ‘Top five LNG carrier owners.’

Mitsui OSK Lines

Japan’s Mitsui OSK Lines (MOL) has the world’s most valuable fleet of LNG carriers, worth close to US$6Bn, according to UK-based ship valuation firm VesselsValue.

With 45 vessels, MOL’s fleet has a valuation of US$5.925Bn. Most recently, MOL took delivery of LNG Megrez, an LNG carrier with 174,000 m3 capacity built at China’s Hudong-Zhonghua Shipbuilding.

LNG Megrez was the last of four conventional newbuildings for the Yamal LNG project. MOL and COSCO Shipping have 50-50 ownership of the vessel.

Maran Gas Maritime

Among the other top LNG shipowners are Greece’s Maran Gas Maritime, which owns a fleet of 28 vessels valued at US$4.552Bn, followed closely by Japan’s NYK Line, with 31 vessels valued at US$4.33Bn, and Qatar Gas Transport’s fleet of 34 LNG carriers valued at US$4.026Bn.

Rounding out the top five LNG carrier owners is SMART LNG, the joint venture between Novatek and Sovcomflot established to own and operate a fleet of LNG carriers for the Arctic 2 LNG project. SMART LNG’s fleet of 15 vessels is valued at US$3.154Bn by VesselsValue.

Top 5 LNG carriers

When it comes to number of owned LNG carriers, there is a slight shuffle in the rankings. While MOL still emerges as the leader, Qatar Gas Transport ranks second, with NYK Line and MISC – Malaysia’s leading shipping line – tied for third with 31 vessels. Completing the top five is Maran Gas Maritime.

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe!

Source: Riviera Maritime Media