Seaspeak completes Evergas acquisition - SAFETY4SEA - Safety4Sea

Seapeak announced that it has completed the acquisition of Greenship Gas Trust and Greenship Gas Manager Pte. Ltd. and their subsidiaries Evergas from Jaccar Holdings successful an all-cash transaction with an endeavor worth of astir $700 million.

With the acquisition complete, Evergas volition rebrand and run arsenic a wholly-owned subsidiary of Seapeak.

Seapeak provides liquefied state services chiefly nether long-term, fee-based charters done its interests successful 51 LNG carriers (including 5 newbuildings), 20 mid-size LPG carriers (including 2 newbuildings) and six multi-gas carriers.

“Acquiring Evergas is different large measurement successful Seapeak’s improvement arsenic a starring proprietor and relation of liquefied state carriers,” said Mark Kremin, Seapeak’s CEO.

Seapeak’s ownership interests successful these vessels scope from 20 to 100 percent. In addition, Seapeak owns a 30 percent involvement successful an LNG regasification terminal.

Steffen Jacobsen, CEO of Evergas, expects the woody to supply the institution with fiscal spot and a coagulated level to turn the company’s businesses successful earthy state liquids and CO2, wherever the institution sees outstanding imaginable for growth.