Excelerate Energy, the US company that led the global development of floating LNG import terminals, has completed the successful transition of its entire fleet of floating storage and regasification units to Excelerate Technical Management.
“Congratulations to our ship management team overseeing this effort and the 600 plus seafarers that supported,” said Steven Kobos, President and Chief Executive of Excelerate Energy.
“Transitioning 10 ships in 10 months is a tremendous accomplishment in any year, but especially in 2020,” added Kobos.
“Through ETM, we look forward to continuing to provide the seamless service our customers have come to know and expect,” he stated.
Excelerate began transitioning its fleet in February 2020 with the FSRU “Experience” after the Republic of the Marshall Islands and the Government of Belgium awarded Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code to ETM.
Excelerate completed the transition of the 10th and final FSRU “Excellence” on October 28.
As each FSRU undergoes scheduled maintenance and upgrades, Excelerate plans to repaint its vessels in the corporate brand colors and design.
“At Excelerate, we hold ourselves to the highest standards, and this transition gives us an opportunity to enhance our already rigorous safety management programs,” said Cal Bancroft, Executive Vice President and Chief Operating Officer of Excelerate.
“It also demonstrates our commitment to stewardship, accountability, improvement, and leadership and providing more flexible and seamless services to clients,” added Bancroft.
Excelerate explained that with the transition to the new ship management subsidiary, customers can continue to expect
consistency of operations and high performance of personnel development, both seagoing and shore-based.
Houston-based Excelerate began developing its ETM ship management services in February 2020.
In early June 2020, it named Bancroft as the COO to help oversee the unit.
He holds a B.S. in Nautical Science from Maine Maritime Academy and an M.B.A. in International Business and Marketing Management from the University of St. Thomas in Houston. He also served in the US Naval Reserve.
