Exmar: LNG Fleet Earns USD 7.8 Mln in Q3 (Belgium)

Exmar said its LNG fleet earned USD 7.8 million in the third quarter (compared to USD 8.4 million for the same period in 2012).

The current EXMAR fleet (LNG/c’s and LNGRV’s) was in full operation on time charter during the third quarter apart from the off hire due to the drydocking of EXCEL (12 days recorded in the third quarter with a further 8 days to be recorded in the fourth quarter).

Results for the fourth quarter are expected to be in line with the third quarter, Exmar said.

The EXCEL has been fixed for a voyage to Vitol from the last week of October. Discussions for longer term business are continuing.

The building of the world’s first floating liquefaction plant is continuing as planned and the unit will be delivered in the fourth quarter of 2014.

In addition, the BC LNG project is moving forward as planned. Discussions with EDFT on providing a liquefaction barge for long-term employment in North America are on-going.

As previously reported, EXMAR and the Port of Antwerp have recently signed a Memorandum of understanding to provide the Port of Antwerp with an LNG bunkering vessel. The front–end engineering study for this vessel is being finalized, according to the company.

LNG World News Staff, October 28, 2013

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