Latsco Shipping

What Latsco Shipping does

Latsco Shipping Limited is a privately-held, family-controlled tanker and gas carrier operator incorporated in Bermuda with operational hubs in Monaco, Athens, London, and Dubai. The company runs a diversified fleet of 33 vessels aggregating approximately 3.1 million deadweight tons, comprising 14 product tankers, 8 gas carriers (LPG), 4 VLCCs, 2 LNG carriers, 3 Ultramax dry bulk vessels, and 2 container vessels, with an orderbook of 10 additional newbuildings for delivery in 2026-2027 including dual-fuel VLGCs and LR2 tankers. The fleet averages approximately 6.4 years in age, materially younger than industry norms, and operates on every major global commercial trading route.

The company's product and service surface spans the full maritime value chain: in-house chartering, sale and purchase, port operations, insurance and claims, technical management, newbuilding supervision, crew management, procurement, HSQEEn, technology services, marine services, training (via an in-house certified Maritime Training Center with bridge and engine room simulators), and physical and cyber security management. Underlying capabilities are operational and compliance-oriented rather than software-native, with a stated technology function focused on vessel performance monitoring and trend analysis rather than disclosed AI/ML systems. The fleet is supported by ISO 9001, 14001, 27001, and 50001 certifications, ISM Code compliance, MLC 2006 certification, and Green Award Foundation recognition.

Latsco generates revenue by chartering its vessels directly to oil majors and international commodity traders using a mix of spot and period charter contracts, with rates negotiated privately based on vessel type, cargo capacity, route, duration, and prevailing market indices such as Baltic Dirty and Baltic Spot. The go-to-market motion is enterprise field sales conducted by an in-house chartering team, with no public pricing and no intermediated channel. The company has been family-owned across three generations since the 1940s under the Latsis name and does not publicly disclose financials.

Name

Latsco Shipping

Legal name

Latsco Shipping Limited

Website

https://latsco.com

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

11–50 employees

Short description

Latsco Shipping Limited is a privately-held, family-controlled tanker and gas carrier operator running 33 vessels across product tankers, VLCCs, LNG, LPG, and dry bulk segments, chartering directly to oil majors and commodity traders globally.

Ownership category

akta.pro rank

Product category

Tanker Shipping Services

NAICS

Deep Sea Freight Transportation (483111)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400)

akta.pro primary industry

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD)

akta.pro secondary industries

Crude Oil & Petroleum Products Tanker Transport (TLADALAA), LNG & LPG Marine Shipping (Carriers) (EUALADAF), Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)

Keywords

• Tanker shipping services
• Vessel chartering
• Marine management
• Crude oil transportation
• LNG gas carriers

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Others

Revenue model

1. Vessel Chartering: Latsco operates and markets its fleet of 33 vessels directly to major oil companies and international commodity traders. Vessels are chartered out globally using a mixed employment strategy combining spot charters for short-term voyages and period charters for fixed-term contracts. Revenue is generated through freight rates based on cargo capacity, voyage distance, and contract duration.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Latsco Shipping Limited operates a diversified fleet of 33 vessels on the water — 14 Product Tankers, 8 Gas Carriers, 4 Very Large Crude Carriers, 2 LNG Carriers, 3 Ultramax dry cargo vessels, and 2 Container vessels — and provides comprehensive marine services including chartering, technical management, crew management, newbuilding supervision, operations, insurance, procurement, training, safety, and security. The company also has an active orderbook of Dual Fuel VLGCs, LR2 tankers, and Ultramax newbuildings for delivery in 2026-2027.

Product overview

Latsco Shipping Limited operates a diversified fleet of 33 vessels on the water and manages an orderbook of newbuildings. The core fleet consists of 14 Product Tankers, 8 Gas Carriers, 4 Very Large Crude Carriers (VLCC), 2 LNG Carriers, 3 Ultramax vessels, and 2 Container vessels. The orderbook includes 2 Dual Fuel Very Large Gas Carriers (2026), 5 LR2s (2026-2027), and 3 Ultramaxes (2026-2027). The company provides comprehensive shipping services including Chartering, Sale & Purchase, Operations, Insurance & Claims, Technical Management, New Building Supervision, Crew Management, Procurement, Safety, Technology, Marine, Training, and Security. The fleet operates globally across all major commercial trading routes with an average fleet age of approximately 6.4 years.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Average fleet age of approximately 6.4 years
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators7 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Euronav: Euronav is one of the world's largest independent crude oil tanker operators with a fleet of VLCCs and Suezmax tankers. Directly comparable to Latsco's crude tanker segment and similar global operating footprint serving oil majors.
• Frontline: Frontline operates one of the largest tanker fleets globally with VLCCs, Suezmaxes, and LR2/Aframax product tankers. Directly comparable across Latsco's tanker segments and competes for the same oil major charter business.
• Tsakos Energy Navigation: Greek-based diversified tanker operator with VLCCs, product tankers, LNG carriers, and dry bulk vessels. Highly comparable given similar multi-segment strategy, Greek operational heritage, and oil major customer base.
• DHT Holdings: DHT is a pure-play VLCC operator that transports crude oil for major oil companies and traders. Directly comparable to Latsco's VLCC segment and similar long-term charter strategy with energy majors.
• International Seaways: International Seaways operates a diversified fleet including VLCCs, Suezmaxes, Aframax/LR2 product tankers, and LNG carriers. Direct peer across multiple tanker segments and similar global chartering model.
• Scorpio Tankers: Scorpio Tankers is a leading product tanker operator with one of the largest MR/Handysize product tanker fleets globally. Closely comparable to Latsco's product tanker segment serving refined product trade flows.
• BW LPG: BW LPG is the world's largest VLGC operator focused on LPG transportation. Directly comparable to Latsco's VLGC gas carrier segment and dual-fuel VLGC newbuild strategy.
• Avance Gas Holding: Avance Gas operates a fleet of modern VLGCs for LPG shipping with a focus on dual-fuel newbuildings. Directly comparable to Latsco's gas carrier fleet and dual-fuel expansion plans.
• Dorian LPG: Dorian LPG is a pure-play VLGC operator focused exclusively on LPG shipping. Comparable to Latsco's gas carrier segment and competes for the same LPG cargo flows.

Emerging players

• Star Bulk Carriers: Star Bulk operates a large dry bulk fleet including Ultramax vessels. Partially comparable to Latsco's Ultramax segment, though Star Bulk is more specialized in dry bulk rather than tankers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/latsco-marine-management

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latsco Shipping