An agreement has been signed by funds advised by Basalt Infrastructure Partners to add a newbuilding 180,000 cu m LNGC into the Vanadis LNG platform.
The addition brings Vanadis up to three vessels and demonstrates successful delivery of Basalt’s strategy to add further scale and new charter relationships to its fleet, the partners said.
The LNGC is expected to be delivered in 2027 and will be employed on a long-term, fixed timecharter to Japanese energy company, JERA.
She will be built at Samsung Heavy Industries and will be fitted with the latest X-DF propulsion system, offering fuel efficiency and associated low emissions.
The vessel will be managed and operated by Celsius Shipping, Basalt’s existing operating partner across its Vanadis and Freyja LNG portfolios.
Basalt also said that it expects to continue to grow the Vanadis LNG fleet over the coming months.
John Hanna, Basalt’s Partner and Head of Europe, commented; “We are delighted to continue our successful partnership with Celsius with the addition of what will be Basalt’s sixth newbuild LNG vessel. We continue to view LNG as an important transitional fuel and key to supporting security of supply in global energy markets.”
