Exmar LPG acquires newbuilding

Exmar LPG acquires newbuilding
Illustration purposes only (Image courtesy of Exmar)

Exmar LPG, a joint venture between Exmar and Teekay LNG Partners, agreed with Hyundai Heavy Industries to acquire an existing mid-size LPG carrier newbuilding contract. 

According to the two JV partners, the 38,000 cubic meters fully-refrigerated midsize LPG carrier is scheduled for delivery in the third quarter of 2018.

The JV agreed to acquire the existing shipbuilding contract in April this year and is in line with Exmar LPG’s strategy to renew its fleet.

The installment payments on the vessel are expected to be financed by the Exmar LPG joint venture’s existing liquidity and the joint venture expects to secure long-term financing prior to delivery.

 

 

Share this article

Follow LNG World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >