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Basalt expands Vanadis LNG platform with Celsius LNG carrier acquisition | LNG & LPG news

Basalt expands Vanadis LNG platform with Celsius LNG carrier acquisition

London-headquartered infrastructure investment firm Basalt Infrastructure Partners is expanding its Vanadis LNG platform with the acquisition of a Celsius Shipping LNG carrier.

Basalt announced it has acquired the 180,000-cbm LNG carrier Celsius Galapagos newbuilding delivered by Samsung Heavy Industries.

The vessel, built in 2025, is equipped with an ME-GA propulsion system.

The company said the ship, delivered in May 2025, is employed on “a long-term, fixed time charter to a leading, investment grade counterparty active within the production, sale and distribution of LNG.”

The addition of Celsius Galapagos brings the Vanadis platform to a total of four vessels, and 11 in total across Basalt’s two LNG portfolios, Vanadis and Freyja.

According to Basalt, the vessel will be managed and operated by the ship owning company Celsius Shipping, Basalt’s existing operating partner across its Vanadis and Freyja LNG portfolios.

“This investment brings together existing operating partners and counterparties with an exceptional track record of delivery,” reads the company’s short media post on LinkedIn.

Basalt said it expects to continue to grow the Vanadis LNG fleet over the coming months.

Basalt Infrastructure Partners (Basalt) is an investment advisor to certain infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and digital infrastructure in North America and Europe.

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