Gunvor Charters Exmar FSRU Barge

Belgian shipowner Exmar announced late May 14 it has executed a fully effective ten-year charter with Gunvor for the provision of its FSRU (floating Storage and Regasification Unit) barge in Bangladesh.

The Exmar FSRU barge is currently at Keppel Shipyard in Singapore undergoing site specific modifications after having been delivered from Wison Offshore and Marine in December 2017.

The barge is expected to arrive in Bangladesh in 4Q2018 and start operations after its full commissioning. Currently the FSRU has been fully paid by Exmar and the financing of the unit is under discussion. As a leading global trader of LNG, Gunvor is keen to support the development of new LNG markets by providing reliable and efficient LNG infrastructure solutions. Exmar said the floating solution developed and operated by Exmar will "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."

Swiss trader Gunvor in September 2017 inked a memorandum of understanding to supply LNG to state-run Petrobangla, becoming the fifth trader to do so.

Exmar's website indicates that its FSRU barge has 25,000 m³ LNG storage capacity.