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Fearnley Securities, which acted as a financial advisor, announced the completion of a $128 million pre-and post-delivery financing for the LNG bunkering newbuildings in a social media post on Tuesday.
The firm did not provide further details.
In 2024, Avenir LNG ordered two 20,000-cbm LNG bunkering and supply vessels at China’s Nantong CIMC Sinopacific Offshore & Engineering.
CIMC SOE officially started building the 20,000-cbm vessel (Hull No. S1123) on July 21.
The ship (Hull No. S1123) is the first in this batch of two.
The vessel will serve Vitol under a charter deal for seven years with options to extend up to 10 years in total.
It will be delivered in the fourth quarter of 2026, while its sister vessel will be delivered in the first quarter of 2027.
In October, Avenir signed a time charter party with SeaRiver Maritime, the marine transportation affiliate of ExxonMobil, for the second vessel in this batch.
With an overall length of 160 meters, a beam of 25 meters, and a design speed of 15.5 knots, the vessels feature a WinGD dual-fuel main engine equipped with iCER technology.
The newbuilding also features a new type C tank design, a lower boil-off rate, hull form optimization, and subcoolers.
Avenir is now fully owned by Norway’s Stolt-Nielsen, following the latter’s acquisition of Avenir’s remaining shares earlier this year.
Before that, Stolt-Nielsen bought Avenir stakes from Golar LNG and Hoegh family holding company Aequitas.
Avenir has a fleet of five vessels on the water and two under construction.
