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.

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