Hoegh wraps up purchase of CoolCo’s LNG carrier

FSRU player Hoegh LNG has completed the previously announced deal to purchase the 2013-built LNG carrier Golar Seal from CoolCo for about $184.3 million.

Hoegh announced this in a statement on Wednesday saying that it renamed the LNG carrier to Hoegh Gandria.

The company said in February it expects to employ the vessel in the carrier market on a term time charter.

According to Hoegh LNG, the purchase price is “in line” with current market level for similar vessels.

Erik Nyheim, CEO of Hoegh LNG, said that the vessel will be an “excellent addition to our fleet, and provide flexibility to pursue FSRU conversion opportunities.”

Hoegh currently has ten FSRUs in its fleet, including two units that work in Germany.

With the addition of the new vessel, Hoegh now owns three LNG carriers.

The other two LNG carriers are the 2006-built sister vessels, Arctic Princess and Arctic Lady.

- Advertisements -

Most Popular

Japan’s Jera plans to invest up to $13 billion in LNG

Japan's power firm and LNG player, Jera, plans to invest 1-2 trillion yen ($6.47-$12.96 billion) in its liquefied natural...

CoolCo, GAIL seal charter deal for newbuild LNG carrier

LNG carrier operator CoolCo has entered into a 14-year charter deal with India’s largest gas utility GAIL for one...

TotalEnergies supplies LNG cargo to PetroVietnam Gas

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a liquefied natural gas cargo from a unit of France's...

More News Like This

CoolCo, GAIL seal charter deal for newbuild LNG carrier

LNG carrier operator CoolCo has entered into a 14-year charter deal with India’s largest gas utility GAIL for one...

EPS wraps up its 200th LNG bunkering operation

Singapore’s Eastern Pacific Shipping has completed its 200th ship-to-ship LNG bunkering operation, as the company’s fleet of LNG-fueled vessels...

Hoegh LNG confirms Egyptian FSRU charter deal

Norwegian FSRU player Hoegh LNG confirmed it has signed a deal with Australian Industrial Energy (AIE) and Egypt's EGAS...

Report: Egypt’s EGAS charters Hoegh LNG’s FSRU

The Egyptian Natural Gas Holding Company (EGAS) has chartered Hoegh LNG's floating storage regasification and storage unit, Hoegh Galleon,...