Belgium's Exmar loss deepens as it seeks LNG ship charterer (updated)

EXMAR NV

28/04/2022 18:29

(Adds details, background)
    April 28 (Reuters) - Belgian shipowner Exmar  EXMR.BR 
reported a wider loss in the first quarter of 2022 as it
continued to seek a user to charter one of its giant liquefied
natural gas (LNG) ships.
    Exmar, which offers maritime and offshore services, reported
a consolidated loss after tax of $7.7 million in the first three
months, against a loss of $2.2 million a year earlier.
    Earnings were hit by two of Exmar's mammoth floating storage
and regasification units (FSRU) being out of use during the
quarter, but the group last month reached a deal to charter its
S188 ship for Gasunie's planned LNG Eemshaven terminal.
 urn:newsml:reuters.com:*:nL2N2VL0LU
    "The barge will be transported from Singapore to the
Netherlands in May and is expected to arrive at its employment
location Eemshaven early August 2022," Exmar said on Thursday.
    Gasunie is looking to secure 4 billion cubic metres of LNG
capacity, as part of a broader Dutch push to limit the country's
dependence on Russian gas as result of the Ukraine crisis.
    Exmar said that prospects for mid-size gas carriers were
positive for the rest of 2022, adding that it expected an
increase in liquefied petroleum gas (LPG) production and a
replacement for the loss of Russian ammonia exports with an
increase in ton miles, an industry measure incorporating volumes
and distance, from the Middle East and Asia. 

 (Reporting by Juliette Portala; Editing by Edmund Blair and
Alexander Smith)
 ((juliette.portala@tr.com ; +48 587 696 607))