Fears grow for Skaugen's deal on Ghana ships

Concerns are growing that IM Skaugen’s (IMS) $420m deal to employ three of its small multigas carriers in Ghana could be in doubt.

Insiders in the country say the talk is that the Endeavor Energy-led project to supply LNG to the Ghana 1000 power project at Aboadze is not progressing, with brokers in Europe suggesting the deal is “dead”.

Oslo-listed gas-carrier owner IMS signed a deal covering the 10-year charter for two of the company’s 10,000-cbm multigas carriers and one 12,000-cbm vessel.