ECONOMY

Shipowners turn to LNG carriers

Shipowners, including several Greeks, are turning to liquefied natural gas carriers as they see demand for LNG grow at a time when the existing fleet is insufficient to cover it.

In the first six months of the year orders for LNG carriers reached 48, against just 23 in the same period in 2010.

The LNG-carrier market has a significant Greek presence through the Angelikousis group, the Prokopiou group and the Thenamaris firm of Dinos Martinos.

Meanwhile, a Clarkson shipbrokers? report has shown that in the year to July Greek shipowners invested over $12 billion in new and used ships: Data showed that Greeks spent $9.4 billion for the building of 91 new ships and about $3 billion to buy 98 used vessels of all types.