Golar charters modern LNG carrier
LNG shipping company Golar LNG Limited (Golar) has announced that effective November 28, 2012 it chartered a modern LNG carrier on a five year charter, Ship & Bunker reports.
The time charter is expected to generate approximately $24 million of annualized EBITDA for the firm, it said.
Golar Maria will remain on charter through the end of 2017 after which time Golar will have the opportunity to buy the vessel.
Commenting on the charter rate, Golar said: "The rate achieved for this five year term (which encompasses the period when all committed vessel orders will be delivered fleet-wide) lends support to favourable rates for Golar's tri-fuel diesel electric newbuilds as the inherent operating efficiencies get built in as premium to existing modern steam vessel (such as Golar Maria) charter rates.
"This saving could be anywhere between $20-40,000 per day depending on fuel costs."