CSSC Shipping, the leasing unit of China State Shipbuilding Corporation (CSSC), has entered into an agreement with Belgian company Exmar for the sale and leaseback of a floating LNG storage and regasification unit.
Under the agreement, CSSC Shipping will acquire the vessel from Exmar for around $155m and lease back the vessel for a period of 10 years at total of about $189.65m.
The vessel is expected to be delivered to CSSC Shipping within one month.
Nicolas Saverys-led Exmar currently owns one floating LNG unit Tango FLNG, and has another one under construction at China’s Wison Offshore with delivery scheduled in 2020.
