Greek Major Alpha Gas Steps Up VLGC/VLAC Push With Hengli Newbuilding Order

Anna Angelicoussis-led Alpha Gas has further expanded its gas carrier orderbook, turning to China for newbuildings for the first time. The Greek shipowner has ordered two 88,000-cubic-metre very large gas carriers at Hengli Heavy Industries, with deliveries scheduled through 2029. The deal marks the company’s first order in China, having previously built in South Korea.

 

Details of the Order

 

Alpha Gas has placed an order. It covers two vessels. These are large gas carriers. They can carry ammonia too. A Chinese yard will build them.

The order has a defined timeline. Deliveries run through 2029. Sources confirmed the deal. It closed last month. It marks a first in China.

 

The Company Background

 

The company began with LNG. It focused on gas carriers. It entered a new segment in 2024. That covered large gas carriers. It ordered in Korea then.

The company has a growing fleet. It runs 16 vessels. These include ships under construction. Its active fleet spans several carriers. These were built over years.

 

The Fleet Expansion

 

The company is expanding steadily. It took delivery of vessels this year. Two Korean yards built them. It has more on order. These span several yards.

The order mix is varied. Some are gas carriers. Others are LNG carriers. The latest are in China. This diversifies its builders.

 

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The Group Context

 

The wider group knows the builder. It has ordered there before. A bulk carrier affiliate expanded. It doubled an orderbook. New vessels were confirmed.

The group spans several companies. A tanker affiliate orders there too. Two vessels are under construction. These join in 2028. The group is well established.

 

The Market Trends

 

The gas carrier market is active. Orders emerge steadily. Korean yards once dominated. A Chinese yard is now popular. Greek owners favour it.

Several Greek owners have ordered there. Prominent figures feature. The builder disclosed more contracts. Other buyers were named. This reflects momentum.

 

Significance of the Order

 

The order extends the company’s push. It grows the gas carrier fleet. It adds ammonia capability. It diversifies builders. It reflects strategy.

The order aligns with group activity. Several affiliates order in China. The builder is trusted. It wins Greek business. This underlines a broader shift.