Avenir LNG Limited announces it has signed a Time Charter Party (TCP) with SeaRiver Maritime, LLC, the marine transportation affiliate of Exxon Mobil Corporation, for Avenir’s second newbuild 20,000cbm LNG bunker vessel. The multi-year time charter commences in Q1 2027.

The TCP agreement commercially de-risks our 2024 newbuilding programme and provides long-term sustainable cashflow. It also supports Avenir’s chartering strategy, which includes successfully signing five new charter agreements over the past 12 months, all of which to new blue-chip market entrants.

Jonathan Quinn, Managing Director of Avenir LNG, commented:

‘’We are delighted to announce this agreement to enter into a long-term partnership with ExxonMobil. This transaction delivers on our strategy to facilitate the growth of LNG and BioLNG as a marine fuel globally and demonstrates a successful commercial conclusion of our 2024 newbuilding program, providing the Company with a solid foundation to continue to grow from.’’

Amy Wood, Global Low Emission Fuels Business Development Manager ExxonMobil, commented:

‘’We’re looking forward to entering the LNG marine bunkering market and expanding our marine fuel portfolio. This agreement with Avenir allows us to leverage our integration and scale to deliver LNG and bio-LNG, helping meet growing customer demand and serve the evolving needs of the maritime industry.’’
Source: Avenir LNG Limited