Exmar scores $23m in net proceeds from LNG carrier sale

Belgium’s Exmar has revealed it has managed to sell off one its older LNG carriers. The 138,107 cu m Excel, which is owned 50:50 with Japanese shipping major Mitsui OSK Lines (MOL), was built in 2003 and features a steam turbine.

The buyer of the 14-year-old gas carrier has not been identified, but Exmar revealed in a release it had notched up $23m in net proceeds from its 50% sale in the ship.

Exmar has three other LNG ships in its fleet, aged 18 on average.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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