Gunvor Revealed as Charterer of Exmar’s FSRU Barge

Exmar FSRU BargeImage Courtesy: Exmar

Belgium-based owner and operator Exmar has executed a ten-year charter with Cyprus-registered commodity trader Gunvor for the provision of its Floating Storage and Regasification Unit (FSRU) barge and related services in Bangladesh.

The company announced in February 2018 that its FSRU barge has been transferred to Keppel Shipyard in Singapore, where it is undergoing site-specific modifications required by its charterer, whose identity remained undisclosed until now.

“The floating solution developed and operated by Exmar is going to perfectly serve Gunvor’s long-term strategy, and the group is very satisfied with its first strategic move in the FSRU space in cooperation with Exmar,” the company commented.

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

Built by Wison Nantong shipyard, the FSRU barge was delivered to its owner in December 2017.

It features an LNG storage capacity of 25,000m³ and a re-gasification capacity of 600 MMSCFD. It is the first ever FSRU project undertaken by a Chinese company on EPC basis.

The FSRU has been fully paid by Exmar and the financing of the unit is under discussion, the Belgian company said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2018 >>
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 30

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Bringing together the key LNG buyers and sellers from across the globe, the Summit provides…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >