Exmar sells interest in Excel LNG carrier

Exmar sells interest in Excel LNG carrier
Image courtesy of Exmar

Belgium’s Exmar, the Nicolas Savery-led shipowner, said it has sold its 138,107-cbm LNG carrier Excel.

The 2003-built carrier has been delivered to its new owners on October 6, Exmar said.

The net proceeds realized by Exmar’s sale of its 50 percent share in the joint venture owning the vessel will be approximately $23 million.

The company operates a fleet of LNG carriers capable of being deployed as LNG shuttle and regasification vessel, or as floating storage regasification units (FSRU).

The Antwerp-based company said that its first-half operating result was impacted by a non-cash impairment of $22.5 million on the LNG carrier Excel as well as costs related to the late delivery of the Caribbean FLNG.

Prior to the sale, Exmar explored several employment alternatives for the vessel which has been employed uninterruptedly from December 2016 to July 2017 for Indonesian account.

 

LNG World News Staff

Share this article

Follow LNG World News

Posted on October 9, 2017 with tags , .

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 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 1

2nd Central and Eastern European Small Scale LNG Forum

The Forum is for LNG industry leaders, who want to keep up to date with Small-Scale LNG latest trends and many other topics!

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >