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Evangelos Marinakis is prepping for a big gas move Photo: Kenny Hickey/TradeWinds

Marinakis in 10-vessel LNG newbuild deal with Hyundai

Letter of intent with South Korean shipbuilding giant will see Greek owner make a substantial entry into a new arena alongside his son

5 July 2018 17:00 GMT Updated 5 July 2018 11:02 GMT

By Andy Pierce , Lucy Hine and Harry Papachristou

in London and Athens

Greek shipowner Evangelos Marinakis has secured his entry into the LNG business with a potential newbuilding order at Hyundai Heavy Industries worth close to $2bn.

Marinakis joins the Greek crush targeting LNG entry

Marinakis has a letter of intent in place with the world’s largest shipbuilder for up to 10 vessels as he looks to take a substantial position in the sector, market sources told TradeWinds.