Belgium's Exmar calls off purchase of Dutch gas fleet

Gas carrier Exmar went red in the first quarter in the weak LPG market where too many vessels are undermining an otherwise historically strong US gas export. The carrier has also called off negotiations to acquire a Dutch FSRU fleet.

by DANIEL LOGAN

Belgian carrier Exmar, which mainly transports liquefied petroleum and natural gas – LPG and LNG – went from profit to a loss in the first three months of the year.

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Exmar expects challenging gas market in 2017
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