Alpha Gas, led by Anna Angelicoussis, has re-entered the newbuild market for liquefied natural gas (LNG) carriers by ordering two vessels from South Korean shipbuilder Hanwha Ocean.
Greek shipowners confirmed the news via social media. The new vessels will incorporate state-of-the-art energy-saving technology and are scheduled for delivery in 2029 by an undisclosed South Korean shipyard with an order valued at approximately $501 million.
Although Alpha Gas did not explicitly name the specific shipbuilder, Hanwha Ocean announced on January 21 that it had secured a contract with an undisclosed Oceania-based shipowner to build two LNG carriers. Shipbrokers have confirmed Alpha Gas as the counterparty to the transaction.
Alpha Gas stated that: This strategic fleet expansion underscores our continued confidence in the long-term growth of the global LNG market and reinforces Alpha Gas’ position as a committed and forward-looking player in the sector. We look forward to contributing to a more reliable, efficient and sustainable LNG supply chain in the years ahead.”
This transaction marks Alpha Gas’ first order for an LNG carrier since 2018. Alpha Gas currently operates a fleet of eight LNG carriers and holds four VLGC orders under construction, scheduled for delivery between 2026 and 2027. Two of these vessels are being built at Hanwha Ocean, while the other two are under construction at Hyundai Heavy Industries.
With the announcement of its latest order, Hanwha Ocean has secured five new shipbuilding contracts this year, valued at approximately $890 million. By vessel type, these include two LNG carriers and three very large crude carriers (VLCCs).