|Exmar and BW Gas in vessel swap|
|Wednesday, 20 July 2011 11:14|
Exmar and BW Gas have reached an agreement to swap two of Exmar’s VLGCs for a number of ships from BW Gas’s midsize fleet. The vessels are scheduled to be delivered between August 15 and September 30.
In exchange for the ‘Flanders Liberty’ and the ‘Flanders Loyalty’, Exmar will receive the ‘BW Hugin’, ‘BW Helga’, ‘BW Hedda’ and ‘BW Sombeke’. The settlement will include a cash contribution of US$35 million payable by BW Gas to Exmar.
The transfer of the VLGCs goes together with the novation of time-charters to BW Gas. The midsize vessels will remain dedicated to existing Exmar’s North Sea LPG contract commitments.
Latest Book Reviews
- The Containership Register 2015
- The U.S. Naval Institute On Naval Tactics
- Women And English Piracy 1540-1720: Partners and Victims of Crime
- China’s Naval Power: An Offensive Realist Approach
- Energy Security 2.0: How Energy is Central to the Changing Global Balance in the New Age of Geography
- The Conquest Of The North Atlantic: The Achievements of the Early Voyagers, Irish Monks and Viking Seafarers in the Deep Waters of the Atlantic
- Dumont D’urville: Explorer & Polymath
Latest CommentsTracey: I am reading a wonderful and impressive story......
Martin Renilson: Neil,
Nice positive comment - I couldn't agree with you more.
Ralph Stevens: Thanks for the insight Neil.
Robert Scorsone: Hi, I would like to know about the suction dredge the Sir Thomas Riley, built in Maryborough shipyar...