Greek Shipowners Invest in VLACs to Boost Ammonia and LPG Shipping Capacity
Greek shipowners are ordering new Very Large Ammonia Carriers (VLACs) from Hengli Heavy Industry to meet increasing demand for ammonia and LPG. This investment supports the transition to cleaner marine fuels and enhances shipping capacity in the sector.
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Greek shipping companies have ordered multiple Very Large Ammonia Carriers (VLACs) to enhance their fleets, primarily from Hengli Heavy Industry. Capital Maritime & Trading ordered four 93,000 cbm VLACs, while Evalend Shipping and Naftomar Shipping each secured two vessels, all slated for delivery between late 2026 and early 2027.
The cost per VLAC ranges from $115 million to $120 million, reflecting strong confidence in this vessel type. The orders align with rising demand for ammonia and LPG, particularly as ammonia emerges as a cleaner fuel alternative. This expansion is expected to stabilize freight costs over the medium term, enhancing overall trade efficiency and potentially influencing pricing dynamics in related markets.
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