Exmar secures FSRU charter deal with Gunvor

Exmar secures FSRU charter deal with Gunvor
Image courtesy of Wison

Belgium’s Exmar, the Nicolas Savery-led shipowner, executed a fully effective ten-year charter with Gunvor for its floating storage and regasification unit (FSRU) barge. 

Under the agreement, the FSRU will be deployed in Bangladesh, Exmar’s statement reads.

The company’s barge is currently at the Keppel Shipyard undergoing site-specific modifications after having been delivered from Wison Offshore and Marine in December last year.

The FSRU barge is expected to arrive in Bangladesh in the fourth quarter of this year and start operations after its full commissioning.

Currently, the FSRU has been fully paid by Exmar and the financing of the unit is under discussion.

The Swiss trading company, Gunvor, tied up with Exmar as part of its long-term strategy to enter the FSRU market. In September last year, the company signed a non-binding memorandum of understanding with Petrobangla of Bangladesh for the supply of liquefied natural gas.

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