Avenir LNG Limited has clinched a time charter party deal with the subsidiary of Eni S.p.A., LNG Shipping S.p.A., for one of the company’s 7,500cbm LNG bunker vessels, the Avenir Aspiration.
Avenir said on Tuesday that the company continues to deliver on its chartering strategy which has successfully concluded four new term charter agreements over the past 12 months across its fleet of 5 vessels on the water, and 2 under construction.
The ship Avenir Aspiration currently trades alongside the Avenir Ascension in the Northwest Europe performing small-scale supply services and ship-to-ship bunkering operations as part of Avenir’s physical LNG trading division, Avenir Supply and Trading.
The shipowner and operator reports that this charter increases the company’s third-party charter revenue backlog, including options, to over $285m, securing additional long term sustainable cashflow for the Group and shareholders over the next decade.
Jonathan Quinn, managing director of Avenir LNG, said: “We are excited to be working with Eni to support their expansion into the LNG Bunkering market.
“This transaction further solidifies Avenir as the trusted partner for modern and efficient small-scale LNG vessels as well as delivering on our strategy to facilitate the growth of LNG as a marine fuel globally.
“We look forward to embarking on this long-term relationship with Eni whom we will serve with the highest safety and operational standards which Avenir has come to be known for.”
