Stolt-Nielsen completes Avenir LNG acquisition

Stolt-Nielsen Gas, a subsidiary of Norwegian tanker operator Stolt-Nielsen, has acquired all shares held by London-based Avenir LNG’s major shareholders, Golar LNG and Aequitas, according to a company press release.

IMAGE: Avenir LNG's bunker vessel, Avenir Achievement. Avenir LNG

This January, Stolt-Nielsen Gas had acquired a 94.37% controlling stake in Avenir LNG.

Through the acquisition, Stolt-Nielsen Gas will own and operate Avenir LNG’s fleet of five LNG bunkering vessels and two new LNG bunker vessels currently on order.

Avenir LNG is a UK-based and Bermuda-registered physical bunker supplier. It conducts small-scale physical supply and ship-to-ship bunkering operations.

It delivers LNG and mass-balanced bio-LNG to ports in the Baltic and Adriatic Sea regions, including those in Germany, Sweden, Finland, Poland and Italy.

By Aparupa Mazumder

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