EXMAR LPG disposes of 2 older LPG vessels (Scandinavian Oil-Gas Magazine)

EXMAR LPG disposes of 2 older LPG vessels

Published Feb 19, 2014

EXMAR LPG (the Joint Venture between EXMAR and Teekay LNG PARTNERS) announce the sale of the Very Large Gas Carrier FLANDERS HARMONY (85,826 m³ - 1993 built) and the Midsize Gas Carrier TEMSE (35,754 m³ - 1994 built).

TEMSE is expected to be delivered to its new owners by the end of the first quarter 2014 and FLANDERS HARMONY in the course of the second quarter 2014.

The capital gain realized by EXMAR for its 50% share in EXMAR LPG will be approximately USD 10.4 million. This transaction will generate for EXMAR LPG net cash proceeds of around USD 30.0 million.

Tags: EXMAR NV

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