Flourishing on the global stage, Belgian firm Exmar and Seapeak join forces to propel a significant investment in the field of midsize carrier new builds. A bold move embellished by Exmar in their first-half earnings report brings to light their recent acquisition of long-term charters for four dual-fuel LPG units, each having a capacity of 40,000 cu m.
Charting the Journey to Sustainable Shipping
This ambitious move sets the bar high for sustainable shipping. The acquisitions are scheduled for completion in 2026 and 2027, opening a new chapter for the eco-friendly shipping industry. Intriguingly, this contract comes with the flexibility of extensions and the potential for ownership change in the future. Despite these interesting aspects of the deal, Exmar has not disclosed any further details regarding the acquisition, sparking curiosity and speculation within the shipping industry.
Decoding the Exmar – Seapeak Partnership
Commissioned with the task of creating cutting-edge solutions for the maritime sector, the union between Exmar of Belgium and Seapeak shows immense promise. What further cements their status in the industry is the company’s current ownership of 11 vessels. This impressive fleet is set to continue growing with the planned delivery of four more units in the subsequent years.
The Future Fleet: A Glimpse Into the Delivery Timeline
The future of the company’s fleet evokes great anticipation. Already in the pipeline are four 46,000 cu m units that South Korea’s Hyundai Mipo Dockyard is set to deliver in 2024 and 2025. Once completed, these vessels will undoubtedly elevate the company’s standing in the shipping sector, making it an undeniable force to be reckoned with.
In conclusion, the deal struck between the Exmar-Seapeak alliance marks a significant step forward in the industry’s journey towards sustainable shipping. It sets the premise for an exciting new era of maritime transportation, encompassing new standards of efficiency, safety, and adherence to environmental regulations. As industry watchers keenly wait for more details on this groundbreaking deal, the advent of eco-friendly shipping appears to be undeniably upon us.
