UAE firm to enrich fleet with two LNG carriers by 2027, first vessel deal now in the bag
On a quest to expand its maritime operations by enlarging its fleet, Dubai-based independent energy and commodities trading group BGN has sealed a long-term liquefied natural gas (LNG) carrier (LNGC) charter with an affiliate of Capital Clean Energy Carriers (CCEC).
BGN has partnered with CCEC in a joint venture company, BM Capital, for the long-term charter and operation of the Amore Mio I LNG carrier, which is the Dubai-headquartered company’s first long-term ownership of an LNG vessel. The deal comprises a ten-year charter period, with the option to extend by six more years.
Ozan Turgut, BGN Shipping Director, commented: “This is a major milestone for BGN as we continue to invest and expand our maritime operations. Taking delivery of our first LNG shipping vessel significantly enhances our fleet capacity and ability to meet growing demand across our global customers.
“BGN set an ambition to
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