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

Golden Pass LNG to ramp up construction activities after Zachry deal

QatarEnergy and ExxonMobil will ramp up construction activities at the Golden Pass LNG export terminal in Texas after a...

Hudong-Zhonghua confirms TotalEnergies order for LNG bunkering vessel

China’s Hudong-Zhonghua said it had secured an order to build one 18,600-cbm LNG bunkering vessel for French energy giant...

India was top destination for US LNG cargoes in May

India was the top destination for US liquefied natural gas cargoes in May, as Asia overtook Europe as the...

More News Like This

EPS takes delivery of new LNG-powered PCTC in China

Singapore’s Eastern Pacific Shipping has taken delivery of the second LNG-powered pure car and truck carrier which will serve...

EPS orders eight LNG-powered containerships in China

Singapore's Eastern Pacific Shipping has ordered eight LNG-dual fuel containerships from China's New Times Shipbuilding. The order incudes eight firm...

Hoegh’s Egypt FSRU gets first LNG cargo

Hoegh LNG's 170,000-cbm FSRU Hoegh Galleon has received its first cargo of LNG in Egypt's Ain Sokhna since it...

Deutsche ReGas, Hoegh LNG join forces on Lubmin hydrogen terminal

German LNG terminal operator Deutsche ReGas and Norwegian FSRU player Hoegh LNG have signed a deal to develop a...