Exmar secures long term FSRU charter with Gunvor

Belgian owner Exmar has executed a ten year charter contract with LNG trader Gunvor for the provision of its floating Storage and Regasification Unit (FSRU) barge and related services in Bangladesh.

The FSRU barge is currently undergoing site specific modifications at Keppel Shipyard after having been delivered from Wison Offshore and Marine in December 2017, and it is expected to arrive in Bangladesh and start operations in the fourth quarter.

Currently Exmar is in negotiations for the financing of the unit.

Gunvor is keen to support the development of new LNG markets by providing reliable and efficient LNG infrastructure solutions and it believes the floating solution developed and operated by Exmar is going to serve the company’s long term strategy.

Exmar currently owns and operates ten FSRUs.

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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