Avenir seals multi-year vessel deal with Excelerate Energy

Small-scale liquified natural gas (LNG) player Avenir has landed a charter extension with Excelerate Energy for one of its vessels.

The London-based outfit with five LNG bunker ships on the water and two under construction has fixed the 2021-built Avenir Accolade on a multi-year deal, following Excelerate’s acquisition of New Fortress Energy’s LNG import and power businesses in Jamaica.

The 7,500 cu m vessel is expected to remain employed in Jamaica, after serving New Fortress Energy under a bareboat contract since April 2021. New Fortress extended the original charter deal in January 2024 to keep the vessel until the fourth quarter of 2025.

US-listed New Fortress Energy concluded the roughly $1bn sale of its businesses in Jamaica earlier this month.

Jonathan Quinn, managing director at Avenir LNG, said the company is pleased to start a new relationship with another industry leader as it continues to deliver on its chartering strategy and commitment to serving small-scale LNG shipping requirements globally.