Excelerate Energy transfers first FSRU to its management unit

Excelerate Energy’s unit, Excelerate Technical Management (ETM) has been authorized to operate as ship manager for its parent company’s entire fleet of floating storage and regasification units (FSRUs).

ETM has been awarded the Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code from the Republic of the Marshall Islands and the Government of Belgium, Excelerate Energy said in its statement.

The Interim DoC is the result of an audit of ETM’s safety management system, confirming compliance with ISM standards which ensure the safe operation of its crew and vessels.

“Excelerate has achieved a company milestone with the successful launch of our ship management services,” said Excelerate president and managing director Steven Kobos.

Excelerate’s FSRU Experience is the first of its vessels under ETM ship management. The vessel recently left Navantia dry docks in Fene-Ferrol, Spain, on February 6, 2020, where she underwent scheduled maintenance and upgrades.

Also, while in dry dock, the FSRU was rebranded and painted in Excelerate’s brand colors and design, the first of the fleet.

Excelerate will transition its entire fleet to ETM ship management by the end of 2020, the statement reads. The fleet will be repainted in the new colors as part of scheduled maintenance.