Greek owner Angelicoussis Group Examines Alternative fuels

The Greek shipowner Angelicoussis, led-by Maria Angelicoussis, is currently examining alternative fuels and as it is reported by the company “it will invest in them when it is sure that they can be used in a safe, efficient, and cost-efficient manner.”

The deputy CEO, Mr. Sveinung Støhle, which took part in three conferences during NOR-Shipping 2023 in Oslo, stressed that LNG is the best solution for the Angelicoussis Group, as shown by its latest dual-fuel LNG VLCC and Suezmax orders.

Mr. Sveinung Støhle pointed out that “the fact that bio-LNG and e-LNG can be blended in will make LNG a permanent solution.”

Mr. Støhle also noted that ‘the energy transition is a transition, not a switch.’

In that context, he said, the group constantly monitors the energy efficiency performance of its existing fleet, while improving its newbuildings, using the most efficient latest technological solutions.

The Greek shipowner Angelicoussis Group, founded in 1947 by Antonis I. Angelicoussis, has participated recently in various FSRU commissioning operations globally, being committed to sustainability.

The Group’s ship Maran Gas Achilles successfully delivered the first-ever LNG cargo to Vietnam.

The cargo of nearly 60,000 tons of LNG, supplied by Shell, was transported from Bontang port in Indonesia to Thi Vai terminal, where it was received by Petrovietnam Gas Joint Stock Corporation (PV GAS).

This was the terminal’s first-time receiving cargo and undertaking commercial operations, as well as the first LNG ever received by Vietnam. Maran Gas Achilles undertook gas up, cooldown and first loading of the terminal’s relevant equipment. The operation was completed on July 17.

Two and a half months ago the ship Maran Gas Kalymnos called at the FSRU Golar Tundra in Piombino, Italy, for its commissioning cargo operation.

Additionally, at the same period, the ship Maran Gas Coronis undertook the commissioning of the world’s largest FSRU, the MOL FSRU Challenger, in Hong Kong. The vessel unloaded the first PetroChina LNG cargo there, marking a milestone for the country.

It is worth mentioning that the group through its Athens-based affiliates, Maran Tankers, Maran Gas, and Maran Dry, operates a modern fleet, serving oil, gas, and dry cargo markets.