Exmar USD 23mln Richer After Excel Sale
By Aiswarya Lakshmi
Monday, October 9, 2017
The Belgian gas tanker company Exmar has sold its liquefied natural gas (LNG) tanker Excel for $ 23 million.
"Exmar is pleased to announce the sale of the LNG carrier Excel (138,107 m³). The 2003 built Excel has been delivered to its new owners on 6th of October 2017," said a press statement from the company.
The net cash proceeds realized by Exmar for its 50% share in the joint venture will be approximately USD 23 million, it added.
Exmar Shipmanagement NV provides management services for a range of ships such as gas carriers, oil tankers, bulk carriers, container vessels, and floating units.
The Company also offers additional services including procurement services, technical and marine consultancy and assistance, sale and purchase inspection, and plan approval services.