Statoil Charters Two Newbuildings from Exmar LPG

EXMAR LPG has been awarded Statoil ASA’s Time-Charter requirement for 2 environment-friendly 38,000 m³ (Midsize) LPG newbuildings intended for LPG trading within North West Europe.

Both performing vessels are part of EXMAR LPG’s existing orderbook and are being built at Hanjin Subic Bay. The duration of each Time-Charter is for a period of minimum 5 years up to maximum 10 years basis delivery within 2016.

EXMAR LPG has further extended with Potash Corporation of Saskatchewan (POT) the Time-Charters of LIBRAMONT (38,455 m³ – built 2006) and SOMBEKE (38,447 m³ – built 2006) for a period of 10 years each. The vessels will be utilized for the transportation of anhydrous ammonia.

These long-term commitments with leading industrial companies confirm EXMAR’s dedication to the Midsize segment and are a recognition of the highest standard of its operations.

EXMAR LPG, February 7, 2014