Greece’s Latsco Shipping Limited, founded by shipowner John S. Latsis, received this year’s Efkrantis Award for its ”Contribution to Technological Innovation” for the construction project of an LPG tanker.

The Efkrantis Awards are organized annually by the Naftika Chronika Greek shipping magazine. 350 people from the Greek shipping community attended the awards ceremony at the Hellenic Naval Academy.

The award was received as recognition for this innovative construction project currently underway, and came after proposals and final selection by the MARTECHMA Board of Directors.

The new liquefied petroleum gas (LPG) vessel, type 87k DF, and a capacity of 87,000 cubic meters, presents a number of innovative features that enhance its safety, efficiency, environmental compliance and compatibility with various destinations and requirements of oil companies.

The LPG ship’s design is unlike any other existing vessel, says the company, as is the result of very close cooperation between Latsco and Hyundai Heavy Industries, one of the largest shipyards in the world.

“This award not only highlights a state-of-the-art addition to the Latsco fleet, but also the importance of this type of vessel as a symbol of progress and innovation for Greek shipping, incorporating the latest technologies and practices in shipbuilding,” Latsco reports.

Latsco Shipping Limited was originally established in the 1940s when the company’s founder, Greek Captain John S. Latsis, first ventured into passenger and commercial deep-sea shipping.

Today, Latsco Shipping Limited, operates a fleet of 41 vessels on the water comprised of 16 product tankers, nine gas carriers, four very large crude carriers, two containers, two LNG carriers, two supramax, two aframax and has an orderbook of four very large gas carriers with expected deliveries in 2025 and 2026.