Tanker shipping company Stena Bulk has signed an agreement covering the charter of the LNG carrier Stena Blue Sky for the North West Shelf Project in Australia.
The duration of the charter is up to three years with a possible further extension as a goal.
The value of the contract has not been disclosed, however the company said that the charter was priced at current market freight rates.
The North West Shelf Project is Australia’s largest oil and gas development and has delivered more than 4000 LNG cargoes to customers predominantly in the Asia Pacific region since 1989.
“We are pleased with the charter signed with the North West Shelf Project, which we view as a key strategic partner within a market with tremendous growth prospects. As always, we take the long-term view and are looking forward to developing the potential we see here”, says Erik Hånell, CEO of Stena Bulk, in a comment.
“We regard the LNG segment as a continuing and long-term investment where, additionally, our successful technical management plays a prominent role,” adds Hånell.
In addition to the Stena Blue Sky, Stena Bulk owns two modern Tri-Fuel Diesel Electric vessels. The Stena Crystal Sky, which is on a medium term charter until this autumn and the Stena Clear Sky which was recently redelivered from a three year charter.