Angelicoussis Shipping Group Ltd (AGSL) operates across the gas carrier, crude tanker and dry bulk markets.
Strategy as a company is to be diversified in three main shipping sectors: dry bulk, crude oil and liquid natural gas. These complement each other as industrial energy carriers and give the group a natural hedge against different cycles in shipping markets.
Angelicoussis believes the current geopolitical situation has redrawn trade routes, something she sees as an overall positive for the tanker market in the short and medium term.
Saudi Arabia has been and will continue to be very important for the tanker market, and at Maran Tankers we have a total of 35 VLCCs and 15 Suezmax vessels, so exports of crude oil from Saudi Arabia will continue to be an essential part of our business today and in the future.
AGSL today operates 140 vessels, with 15 on order. Employee headcount stands at just under 8,100, 93% at sea and 7% office based. It operates several subsidiaries, including Maran Tankers Management, Maran Gas Maritime, and Maran Dry Management. Total capacity in dry and crude is just over 23.25m dwt, while gas vessels account for storage of almost 9.5m cubic metres.