Qatar Gas Transport Co is currently the top Gulf Cooperation Council (GCC) company in monetary terms, with a live and on-order fleet value of $11.9 billion, reports Rebecca Galanopoulos of Veson Nautical.Based
Qatar Gas Transport Co is currently the top Gulf Cooperation Council (GCC) company in monetary terms, with a live and on-order fleet value of $11.9 billion, reports Rebecca Galanopoulos of Veson Nautical.
Based on VesselsValue data, the fleet consists of 36 live LNG and LPG vessels with a further 30 on order. Qatar Gas also placed the highest value newbuilding order in February 2024 with their investment in 15 large LNG vessels, scheduled to be built at Samsung and contracted for $230 million each.
QatarEnergy is the second largest owner with a fleet value of $8.57 billion with an orderbook of 33 large LNG vessels.
ADNOC Logistics and Services rank third with a fleet value of $6.48 billion. However, in terms of vessels numbers, ADNOC have the largest fleet with 76 vessels. ADNOC has received a boost in rankings due to its acquisition of an 80% stake in Navig8, set to be completed in 2027.
In 2024, the top ship types ordered by GCC-based companies were LNG, LPG and tankers with 44, 23 and 15 vessels contracted respectively at a total value of $14.3 billion.
Of the top GCC companies ordering vessels last year, Qatar Gas
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