EXMAR Commits to LPG with New Charters

MarineLink.com
Thursday, February 06, 2014
Photo: EXMAR

EXMAR LPG has been awarded Statoil ASA’s time charter requirement for two environment-friendly 38,000 m³ (Midsize) LPG newbuildings intended for LPG trading within North West Europe. Both performing vessels are part of EXMAR LPG’s existing orderbook and are being built at Hanjin Subic Bay. The duration of each Time-Charter is for a period of minimum five years up to maximum 10 years basis delivery within 2016.

EXMAR LPG has further extended with Potash Corporation of Saskatchewan the time charters of Libramont (38,455 m³ - built 2006) and Sombeke (38,447 m³ - built 2006) for a period of 10 years each. The vessels will be utilized for the transportation of anhydrous ammonia.

These long-term commitments with confirm EXMAR’s dedication to the midsize segment and are a recognition of the highest standard of its operations, the company said.

Additionally, EXMAR NV and Pacific Rubiales Energy Corp., through its fully own affiliate Pacific Midstream Holding Corp, announce the ordering of a barge-based floating LNG regasification unit under a 50/50 joint venture. The unit will be constructed by Wison Offshore & Marine at its shipyard in Nantong, China. Delivery of the unit is anticipated in the fourth quarter of 2015. Negotiations for a long term charter are ongoing and an award is expected by mid-2014.

Nicolas Saverys, CEO of EXMAR stated, “We are honored to place this order together with our partner PRE, with whom we have already developed the floating LNG liquefaction and storage unit Caribbean FLNG that is currently under construction. We strongly believe this innovative and flexible barge-based regasification concept will further increase the competitiveness of LNG compared to other energy types. By adding a floating storage unit we can customize the storage size and overall availability to specific project requirements."

Ronald Pantin, CEO of PRE commented, “With this order for a next generation floating regasification solution, PRE and EXMAR are well positioned to serve the LNG global markets."

exmar.be
 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NOIA Applauds RI Offshore Wind Project

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm,

BTP Handles Millionth Container

Brazil’s newest container terminal hits a series of efficiency milestones   Brasil Terminal Portuário (BTP), Brazil’s newest container terminal in the Port of Santos,

SBM Offshore Completes $1.55 bln FPSO Financing

SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history.

Contracts

Canada Commissions Study on Underwater Noise

Green Marine has signed a nine-month contract with Transport Canada to provide insight on underwater noise generated by shipping and its effects on marine life, along with potential solutions.

Asia-Europe Box Rates Down 23 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 percent to $400 per 20-foot container (TEU) in the week ended last Friday,

RI Offshore Project Boosts US Wind Entry

Rhode Island's Deepwater Wind will start installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave

Shipbuilding

ABS Grants AIP for Jensen’s LNG ATB Design

A Jensen Maritime-designed, liquefied natural gas (LNG)-bunkering articulated tug-barge (ATB) has been granted approval in principle (AIP) by classification society American Bureau of Shipping (ABS).

SENER Presents on History of Ship Design

The COMPIT annual edition took part this year from May 11-13 in Ulrichshusen, Germany, with the participation of SENER. This event is an International Conference

New Tanker Delivered to Ardmore Shipping

25,000 DWT IMO 2 product and chemical tanker ship, Ardmore Chinook, joins Ardmore fleet   Ardmore Shipping Corporation announced that its latest newbuild tanker vessel,

News

NOIA Applauds RI Offshore Wind Project

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm,

Mozambique Port Accident Deals Blow to Vale Coal Project

A coal stacker has collapsed at the Mozambique port of Nacala, dealing a blow to Brazilian miner Vale's effort to start coal shipments from the African nation in the third quarter,

BTP Handles Millionth Container

Brazil’s newest container terminal hits a series of efficiency milestones   Brasil Terminal Portuário (BTP), Brazil’s newest container terminal in the Port of Santos,

Barges

ABS Grants AIP for Jensen’s LNG ATB Design

A Jensen Maritime-designed, liquefied natural gas (LNG)-bunkering articulated tug-barge (ATB) has been granted approval in principle (AIP) by classification society American Bureau of Shipping (ABS).

HYPACK Barge Management System

HYPACK offers a solution to track multiple vessels and share the information across vessels. It also allows any remote viewer with a web browser to observe the

CITB Employees Vote Down Union Petition

Representative employees of marine transportation company of Cook Inlet Tug & Barge Inc. (CITB) on Monday voted to reject a petition that would see a union organize

Vessels

ABS Grants AIP for Jensen’s LNG ATB Design

A Jensen Maritime-designed, liquefied natural gas (LNG)-bunkering articulated tug-barge (ATB) has been granted approval in principle (AIP) by classification society American Bureau of Shipping (ABS).

New Tanker Delivered to Ardmore Shipping

25,000 DWT IMO 2 product and chemical tanker ship, Ardmore Chinook, joins Ardmore fleet   Ardmore Shipping Corporation announced that its latest newbuild tanker vessel,

Largest Chinese-built Containership Delivered

Shipping group CMA CGM has taken delivery of the newbuild box ship CMA CGM Vasco de Gama [sic] on July 27. Built by China State Shipbuilding Corporation (CSSC),

 
 
Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2275 sec (4 req/sec)