Exmar Secures Final USD 200 Mn for Caribbean FLNG

Image Courtesy: Exmar

Belgium’s LNG and LPG carrier owner and operator Exmar has secured a USD 200 million financing for its floating liquefaction unit Caribbean FLNG.

The financing deal was reached with Bank of China, Sinosure and a leading European financial institution, according to Exmar.

Currently under construction at Wison Offshore and Marine shipyard, the Caribbean FLNG is scheduled to be delivered in the coming weeks, after being postponed a number of times.

The proceeds from the financing will be used to pay the last instalment to the shipyard.

Caribbean FLNG was set to work for Canada-based oil and gas company Pacific Exploration and Production (PEP), however, the agreement between Exmar and PEP was terminated in March 2016.

“Progress has been made on the future employment of the Caribbean FLNG and future communication on this is expected in the coming months,” the company said in April.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2018 >>
MTWTFSS
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 1 2 3 4

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >