AmericasCorporate

Excelerate wraps up FSRU fleet management transition

By Mirza Duran
Excelerate wraps up FSRU fleet management transition
Image: Excelerate Energy

US-based floating LNG player Excelerate Energy has completed the transition of its fleet of FSRUs to its management subsidiary.

Excelerate Technical Management now manages a fleet of ten FSRUs.

To remind, Excelerate started transitioning its fleet in February with the FSRU Experience.

This happened after the Marshall Islands and Belgium awarded interim documents of compliance under the international safety management code to ETM.

Furthermore, Excelerate completed the transition of the tenth and final FSRU Excellence on October 28.

Excelerate plans to repaint its vessels in the corporate brand colors and design as each FSRU undergoes maintenance and upgrades.

“Congratulations to our ship management team overseeing this effort and the 600 plus seafarers that supported,” said Steven Kobos, chief executive of Excelerate.

He added that transitioning 10 ships in 10 months is a “tremendous” accomplishment in any year, but especially in 2020.

Most Popular

LNG Terminals

Atlantic LNG shipping rates down, Pacific rates climb

Atlantic spot LNG shipping rates dropped this week, while Pacific rates rose compared to the week before, according to Spark Commodities.
LNG Terminals

Cheniere nears launch of seventh Corpus Christi expansion train

US LNG exporter Cheniere is close to launching the seventh and final train of the Corpus Christi Stage 3 expansion project in Texas.
LNG Terminals

Vietnam’s Cai Mep LNG terminal starts gas deliveries to Phu My power complex

Nebula Energy’s AG&P LNG has started delivering natural gas from Vietnam's Cai Mep liquefied natural gas (LNG) import terminal to the 900 MW Phu My 2.1 and 2.1E power plants operated by EVNGENCO3.
spot_img

More News Like This

LNG Terminals

Excelerate’s newbuild FSRU arrives in Jordan

Excelerate Energy's newbuild floating storage and regasification unit, Excelerate Acadia, has arrived in Jordan to serve a nine-month contract.
Contracts and Tenders

Frontera seals Colombian FSRU charter deal

A unit of Canadian firm Frontera Energy has entered into a deal with a US-based FSRU player to charter one floating storage and regasification unit which will be installed in Cartagena, Colombia. The company also entered into a take-or-pay agreement with Colombia's state-owned energy firm Ecopetrol to provide integrated logistics and LNG regasification services.
Contracts and Tenders

Excelerate, Seatrium ink LoI for FSRU conversion

US FSRU player Excelerate Energy has signed a letter of intent with Singapore's Seatrium to convert its liquefied natural gas carrier into a floating storage and regasification unit, according to Excelerate's management.
LNG Terminals

Excelerate to deploy newbuild FSRU in Jordan due to Iraq terminal delay

US FSRU player Excelerate Energy will deploy its newbuild floating storage and regasification unit, Excelerate Acadia, to Jordan under a nine-month contract due to the delayed startup of the Iraq LNG terminal amid the ongoing conflict in the Middle East.