Hanwha Ocean Co., Ltd has signed a contract for two 174,000 cbm LNG carriers with Athens-based Angelicoussis Group affiliate Maran Gas Maritime Inc on November 8.
The Greek Angelicoussis Group is a privately owned shipping group, currently with 144 vessels on the water and 23 vessels, including three shuttle tankers, on order.
Through Athens-based companies, Maran Tankers Management, Maran Gas Maritime and Maran Dry Management, the Group operates a diversified fleet serving the oil, gas and dry cargo markets.
The affiliate of Greece’s Angelicoussis Group will have the 174,000 cbm vessels delivered in 2027.
Additionally, this deal comes with an option for two ships, so more orders are expected in the future.
Hanwha Ocean said that it has maintained a relationship with Angelicoussis Group that goes beyond business based on deep trust over the past 30 years.
A Hanwha Ocean official noted, “Our 30-year partnership is based on our trust in the shipyard’s technological capabilities,” and added, “We will repay them by building ships of the highest quality.”
As reported, the shipowner is Hanwha Ocean’s large customer, having ordered a total of 123 ships since its first order in 1994.
This contract contributes to Hanwha Ocean’s impressive 2024 order volume. Hanwha has won many orders this year for LNG carriers, very large crude carriers, containerships and others.
Photo credit: Hanwha Ocean Co., Ltd
Recently, Angelicoussis Group affiliate Maistros Shiptrade Limited made a major deal to take over Altera Shuttle Tankers for an undisclosed sum in a major move into the sector.
Specifically, Altera Infrastructure Holdings L.L.C., a wholly owned subsidiary of Altera Infrastructure L.P., has entered into an agreement to sell all its membership interests in Altera Shuttle Tankers L.L.C. (AST) to Maistros Shiptrade Limited, a company affiliated with the Angelicoussis Group.
Altera Shuttle Tankers, a shuttle tanker provider, owns and operates 18 shuttle tankers in Brazil, Canada and the North Sea.
The completion of the transaction is conditional upon receipt of relevant regulatory approvals.
Subject to receipt of such approvals, the deal is expected to close in the first half of 2025.
