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Exmar sells gas ships

Exmar LPG has sold one of the company's largest gas ships along with an older, smaller vessel as part of the carrier's strategy to focus more on Midsize vessels.

Photo: Petredec

Exmar LPG, a joint venture between Belgian gas carrier Exmar and Canadian Teekay LNG Partners, has sold one of the two VLGC's in the carrier's massive LPG fleet. A smaller Midsize vessel has also been sold.

The two ships, built in 1993 and 1994, respectively, have capacities of 85,260 cubic meters and 35,754 cubic meters. Exmar gains a total of USD 10.4 million from the two transactions, while the joint venture Exmar LPG receives USD 30 million in total.

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