Avenir Cancels Newbuild Order with Keppel

Bermuda registered Avenir LNG Limited announced that it has agreed with Keppel Singmarine to cancel the options to build its 3rd and 4th 7,500 cbm LNG carriers at Keppel Nantong.

Avenir is scheduled to receive delivery of two 7,500 cbm LNGC’s, already on order, from Keppel Singmarine in December 2019 and March 2020.

Avenir LNG Limited is a Bermuda registered company established for the purpose of developing the small scale global LNG market by sourcing, shipping, storing and distributing LNG to the end customer in areas of stranded demand.

As reported two days ago, Avenir signed contracts with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd. (SOE) for the construction of two 7,500 cbm LNG carriers, at its Nantong, China shipyard, with options to build two more.

The order replaces a previous option to build two additional ships at Keppel which has been cancelled by mutual agreement.