Excelerate, Maran Sign 5-Yr Charter for FSRU
US Excelerate Energy and Maran Gas Maritime (MGM) have signed a five-year bareboat charter (BBC) agreement for the floating storage regasification unit (FSRU) Hull 2477 from next April. During the five-year BBC Excelerate will have the option to purchase Hull 2477, which MGM is now building at Daewoo Shipbuilding & Marine Engineering (DSME) shipyard.
The vessel will have a storage capacity of 173,400 m3 and will be capable of operating as both an FSRU and a fully tradable LNG carrier. Excelerate will be responsible for crewing and provisioning.
Hull 2477 will join Excelerate's existing fleet of nine FSRUs, all built by DSME, and will serve Excelerate's portfolio of regasification customers.
Excelerate said MGM's growing fleet was a testament to [its Greek owner] John Angelicoussis' vision and commitment to the LNG industry."
Angelicoussis said Excelerate was the market leader in the FSRU space "and we are delighted to have this opportunity to collaborate thereby securing a productive future for this state-of-the-art FSRU."
Angelicoussis and Excelerate managing director and president Steven Kobos were present for the signing of the agreement.