US-listed Excelerate Energy has completed its buy of Maran Gas Maritime’s floating storage and regasification unit, the 173,467-cbm Sequoia (built 2020), adding an eighth fully owned vessel to its 11-ship fleet.
Excelerate said it paid $265m for the three-year-old regas vessel, which now becomes the youngest operational vessel in its fleet.
The company said in March that it had secured a new loan and extended a credit facility to provide the company with $600m, the proceeds from which were used to exercise the purchase option it was holding on the Sequoia — now listed in its annual report as the Sequoia.
