Belgium-based midsize gas carrier (MGC) operator Exmar has revealed that after the recent contract acquisition from Avance Gas at CIMC Sinopacific, it is expanding its newbuilding program to an impressive 16 vessels.
Exmar, with a current fleet of 17 vessels, recently acquired a newbuilding contract from Avance Gas at CIMC Sinopacific, adding four 41,000m³ dual-fuel LPG vessels to its fleet.
The shipowner is currently overseeing the construction of six midsize gas carriers at HD Hyundai Mipo in South Korea.
Four ships will be equipped with cutting-edge dual-fuel ammonia engines, with scheduled delivery in 2026.
Two vessels, to be delivered in 2025, will run on dual-fuel LPG engines.
Exmar has also committed to chartering six dual-fuel LPG MGCs currently being built at YAMIC in China. These vessels include four 41,000m³ dual-fuel LPG carriers and two 49,000m³ dual-fuel LPG carriers, which are well-suited to replace existing large gas carriers (LGCs).
In its third quarter results for 2024, the company said that it has sold and delivered one midsize gas carrier (MGC) Warinsart and has sold four fully pressurized ships named Sabrina, Helane, Magdalena, Debbie, for delivery throughout the fourth quarter of 2024 and the first quarter of 2025.
