Avenir LNG pens charter deal for first LNG bunker vessel
SUMMARY
The time charter to Vitol will commence upon delivery from the shipyard in China in Q4 2026 and will serve a period of seven years.
By Shardul SharmaPOSTED IN:
UK-based midstream LNG and bioLNG company Avenir LNG has executed a time charter party with Vitol International Shipping, a unit of Switzerland's Vitol, for its first newbuild 20,000 m³ LNG bunker vessel, the company announced on July 3.
The time charter to Vitol will commence upon delivery from the shipyard in China in Q4 2026 and will serve a period of seven years, with options to extend up to 10 years in total.
In April 2024, Avenir announced that it had ordered two 20,000 m³ LNG bunker vessels from China’s Nantong CIMC Sinopacific Offshore & Engineering, scheduled for delivery in Q4 2026 and Q1 2027.
This transaction increases Avenir’s third-party charter revenue backlog, including options, to over $205mn, the company stated.
