Exmar inks FLNG sale and leaseback deal with CSSC Shipping

Exmar inks FLNG sale and leaseback deal with CSSC Shipping

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.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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