Marinakis enters LNG market with order for 10 vessels at Hyundai


The number of Greek owners entering the LNG market is steadily growing. Vangelis Marinakis is the latest to venture into this market, having put a 2 billion dollar plan in place which provides for the acquisition of LNG carriers.

According to sources, Marinakis has signed a Letter of Intent (LOI) with Hyundai Heavy Industries to build up to 10 vessels (170,000 – 180,000 cbm). Sources point out that an initial order of four vessels will be places, with options for more. The vessels will be delivered in 2020-2021 to a new shipping firm, Capital Gas. It is estimated that each vessels could cost up to 184 million dollars each.



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