Jera Global Markets expands LNG carrier fleet

Singapore-based LNG trader Jera Global Markets, a joint venture of Japan’s Jera and France’s EDF, has further expanded its fleet of chartered liquefied natural gas carriers.

Jeragm announced in a social media post on Tuesday that it recently took delivery of LNG carriers Elisa Halcyon and Archy Vanguard.

The additions of Elisa Halcyon, delivered from EDF, and Archy Vanguard “reflect our continued efforts in strengthening and expanding our fleet,” Jeragm said.

In November last year, French vessel manager Gazocean, a unit of Japan’s NYK, announced the delivery of the 174,000-cbm Elisa Halcyon from South Korea’s Hyundai Heavy Industries.

France LNG Shipping, a joint venture of NYK and Geogas LNG, owns the vessel, while EDF took on charter Elisa Halcyon.

As per Archy Vanguard, South Korea’s Hanwha Ocean delivered this LNG carrier to Japan’s MOL last year, according to VesselsValue data.

Jera, a joint venture of Tepco and Chubu Electric, owns 66.67 percent of Jeragm, while EDF Trading, a unit of French state-controlled utility EDF, holds the rest.

In April 2019, Jera and EDF Trading merged their LNG trading and optimization activities.

Jeragm’s website shows that the JV has a fleet of 20 chartered LNG carriers supporting its global trading operations.

Jeragm manages and operates third-party supply agreements from Australia, Southeast Asia, the Middle East, and the US Gulf and optimizes term contracts on behalf of Jera and EDF Trading.

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