07MAR2019 - NEWS - Small scale LNG firm Avenir LNG Ltd marked a milestone in the construction of the world’s largest LNG bunker vessels on 25 January

Small scale LNG company Avenir LNG Ltd marked a milestone in the construction of the world’s largest LNG bunker vessels on 25 January by making its initial progress payments on the two 20,000-m3 ships under construction at Sinopacific Offshore Engineering in Nantong, China. Avenir LNG signed the contract for the two LNG bunker vessels (LNGBV) in Q4 2018 and made the first progress payments of US $11.2M to the shipyard, according to regulatory filings by Stolt-Nielsen Limited, which has a 45% stake in the company through its investment arm Stolt-Nielsen Gas. Other major investors in Avenir LNG are Golar LNG and Höegh LNG Holdings Limited, who each hold 22.5% stakes, and institutional and private investors, who hold the remaining 10% interest. Listed on the Norwegian OTC since 14 November 2018, Avenir LNG plans to become a leading provider of small-scale LNG for the power, ship bunkering, trucking and industrial markets.

Published by Editor - www.Livebunkers.com at 07-Mar-2019 06:17:34 [UTC] , contact editor at editor@livebunkers.com