Höegh LNG will manage the vessel from the time of delivery. STX Frontier is a 153 600 m3 Mark III membrane vessel with Dual Fuel Diesel Electric propulsion.
“We see this as an interesting opportunity to expand our relationship with the Spanish energy industry,” says Sveinung Støhle, chief executive officer of Höegh LNG. “We are also happy to cooperate with STX Pan Ocean in employing the STX Frontier in a challenging market.”
Höegh LNG is in the process of renewing its asset base and has sold two of its older LNG carriers the last two years, and will take delivery of two newbuilding Shuttle and Re-gasification Vessels (SRV) in November 2009 and second quarter of 2010.
