Excelerate Energy takes Maran Gas FSRU on long-term charter

Texas-based Excelerate Energy has sealed a five-year bareboat charter with John Angelicoussis’s Maran Gas Maritime for floating storage regasification unit (FSRU) Hull 2477.

Hull 2477 is currently under construction at South Korea’s DSME and is scheduled for delivery in April 2020. The vessel will have a storage capacity of 173,400 cu m, and is capable of operating as both an FSRU and a tradable LNG carrier.

Excelerate has the option to purchase the FSRU during the charter.

George Kaiser, Excelerate’s owner, commented “We are pleased for Excelerate to enter into this transaction with MGM, a leading provider in LNG world shipping. MGM’s growing fleet is a testament to John Angelicoussis’ vision and commitment to the LNG industry.”

“We believe this transaction leverages the strengths of both our companies. Excelerate are market leaders in the FSRU space and we are delighted to have this opportunity to collaborate thereby securing a productive future for this state-of-the-art FSRU,” said Angelicoussis.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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