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Exmar Agrees Long-Term Leases For 3 LNG Vessels

Belgian shipping group Exmar NV. said it had won long-term contracts for three LNG regasification vessels under construction

Exmar Agrees Long-Term Leases For 3 LNG Vessels

Belgian shipping group Exmar NV. said it had won long-term contracts for three LNG (liquefied natural gas) regasification vessels under construction.

Exmar said the three ships being built at the Okpo shipyard of Daewoo Shipbuilding & Engineering Co Ltd had secured long-term placement with U.S. LNG importer and marketer Excelerate Energy LP.

The Belgian group said the deal had reduced its stake in the ships to 50 percent from 67 percent.

The vessels, to be named Exquisite, Expedient and Exemplar and to have a capacity of 150,900 cubic metres, are due for delivery in 2009 and 2010.

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