Stolt-Nielsen exercises options for LNG carrier pair at Keppel

Stolt-Nielsen exercises options for LNG carrier pair at Keppel

Singapore’s Keppel Offshore & Marine has announced that Stolt-Nielsen Gas has exercised options at subsidiary Keppel Singmarine for two additional small-scale dual fuel LNG carriers.

The options, worth around S$105m ($75.9m), were part of a contract signed in May 2017 for two firm and three optional vessels. The first option lapsed in November 2017.

Abu Bakar, managing director for gas & specialised vessels at Keppel O&M, commented: “We are pleased that Stolt-Nielsen Gas has exercised their options to build two additional LNG carriers. It reflects the partnership that we have built over the past year, and Keppel O&M’s ability to leverage our newbuild and LNG expertise to provide customised solutions.”

The two LNG carriers will have a capacity of 7,500 cu m and are scheduled for deliver in the fourth quarter of 2020 and first quarter of 2021.

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.

Related Posts