EXMAR: Long term for LPG’sLPG, Markets — By admin on February 6, 2014 at 11:59 PM
EXMAR LPG has been awarded Statoil ASA’s (TICKER: STL.NO) Time-Charter requirement for 2 environment-friendly 38,000 m³ (Midsize) LPG newbuildings intended for LPG trading within North West Europe. Both performing vessels are part of EXMAR LPG’s existing orderbook and are being built at Hanjin Subic Bay. The duration of each Time-Charter is for a period of minimum 5 years up to maximum 10 years basis delivery within 2016.
EXMAR LPG has further extended with Potash Corporation of Saskatchewan (ticker: POT) the Time-
Charters of LIBRAMONT (38,455 m³ – built 2006) and SOMBEKE (38,447 m³ – built 2006) for a
period of 10 years each. The vessels will be utilized for the transportation of anhydrous ammonia.
These long-term commitments with leading industrial companies confirm EXMAR’s dedication to the
Midsize segment and are a recognition of the highest standard of its operations.
EXMAR and PRE Announce Order for barge-based Floating LNG Regasification Unit
EXMAR NV (“EXMAR”) (Euronext: EXM) and Pacific Rubiales Energy Corp. (“PRE”) (TSX: PRE; BVC:
PREC; BOVESPA: PREB), through its fully own affiliate Pacific Midstream Holding Corp, are pleased
to announce the ordering of a barge-based floating LNG regasification unit (“Unit”) under a 50/50
joint venture. The Unit will be constructed by Wison Offshore & Marine (“Wison”) at its shipyard in
Nantong, China. Delivery of the Unit is anticipated in the fourth quarter of 2015. Negotiations for a
long term charter are ongoing and an award is expected by mid-2014.
Nicolas Saverys, CEO of EXMAR stated: “We are honoured to place this order together with our
partner PRE, with whom we have already developed the Floating LNG Liquefaction and Storage Unit
“Caribbean FLNG” that is currently under construction. We strongly believe this innovative and
flexible barge-based regasification concept will further increase the competitiveness of LNG
compared to other energy types. By adding a floating storage unit we can customize the storage
size and overall availability to specific project requirements.”
Ronald Pantin, CEO of PRE commented: “With this order for a next generation floating regasification
solution, PRE and EXMAR are well positioned to serve the LNG global markets”.