Hoegh LNG takes over management of Hoegh Gandria

Norwegian FSRU player Hoegh LNG has taken over the management of the 2013-built LNG carrier, Hoegh Gandria, which it purchased last year from LNG carrier operator CoolCo.

Hoegh announced the change of command in a social media post on Tuesday.

“Last week, Hoegh LNG took over the management of the Hoegh Gandria, which was purchased last year and is currently employed as an LNG carrier. Thank you to the crew and management at Cool Company Ltd (CoolCo), for a smooth change of command,” the firm said.

Hoegh LNG bought this LNG carrier for about $184.3 million saying the acquisition of the LNG carrier provides flexibility to pursue FSRU conversion opportunities.

The 160,548-cbm vessel recently secured a new charter deal.

“In February 2024, a 5-months LNGC charter was secured for Hoegh Gandria to keep the vessel employed and minimize potential idle time upon redelivery from its current charter towards the end of Q1 2024,” Hoegh LNG said in its 2023 results report.

It did not provide further information regarding the deal.

Besides this LNG carrier, Hoegh owns the 2006-built sister vessels, Arctic Princess and Arctic Lady.

Hoegh’s fleet comprises ten FSRUs and the entire fleet is either operating under or committed to long-term contracts.

The average remaining contract length per vessel was 7.8 years at the end of December 2023, Hoegh said in the financial report.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

CMA CGM’s LNG-powered giant floated out in China

China’s Hudong-Zhonghua has launched the third in a new series of 24,000-teu LNG dual-fuel containerships for French shipping giant CMA CGM.

Venture Global gets OK to introduce gas to final Plaquemines LNG block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the 18th and final liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

CoolCo always looking at acquisitions, CFO says

LNG carrier owner CoolCo is always on the lookout for potential acquisitions, according to CFO John Boots.

CoolCo expects LNG carrier charter rates to strenghten

LNG carrier operator Cool Company (CoolCo) expects that LNG carrier charter rates will strengthen as several large projects come online and ramp up production volumes. The shipping firm noted that chartering activity during the second quarter remained subdued.

VTTI, Hoegh Evi move forward with permitting process for Dutch LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, and Norwegian FSRU player Hoegh Evi have completed the first phase of the permit procedure for their FSRU-based facility in the Netherlands.

Wartsila bags regas module gig from Hoegh Evi

A unit of Finnish tech firm Wartsila has secured a contract from Norway's Hoegh Evi to supply a regasification module, which will be installed onboard the LNG carrier Hoegh Gandria. Once converted, the FSRU will serve in Egypt.