Hull 2477 will join Excelerate’s existing fleet of nine FSRUs, all built by DSME, and will serve Excelerate’s portfolio of regasification customers. Excelerate Technical Management, a wholly-owned subsidiary of Excelerate, will provide ship management for the vessel.
Excelerate’s owner George B. Kaiser stated, “We are pleased for Excelerate to enter into this transaction with MGM, a leading provider in LNG world shipping. MGM’s growing fleet is a testament to John Angelicoussis’ vision and commitment to the LNG industry.”
MGM’s owner John Angelicoussis stated, “We believe this transaction leverages the strengths of both our companies. Excelerate are market leaders in the FSRU space and we are delighted to have this opportunity to collaborate thereby securing a productive future for this state-of-the-art FSRU.”
