TMS Cardiff Gas sells steam LNG carrier

Greek LNG shipping firm TMS Cardiff Gas has sold a 2006-built steam liquefied natural gas (LNG) carrier, according to brokers.

The vessel in question is the 145,000-cbm, Condor LNG, previously known as GasLog Athens.

Condor LNG has reportedly been sold for $28 million to an unidentified Chinese firm.

VesselsValue data shows that the LNG carrier was located offshore Singapore on Tuesday.

In 2023, GasLog sold this vessel to TMS Cardiff Gas for about $55 million, the data shows.

Previously known as Methane Lydon Volney, GasLog Athens was renamed in August 2022 after it started its contract with Greece’s DESFA, the operator of the Revithuossa LNG import terminal located west of Athens.

The LNG carrier served as a floating storage unit near the terminal on the island of Revithuossa.

TMS Cardiff Gas renamed the vessel Condor LNG following the completion of the purchase deal in 2023.

The company’s website shows that TMS Cardif Gas has no more steam LNG carriers in its fleet.

In 2023, Golar LNG bought the 148,000-cbm Moss-type carrier, Fuji LNG, from TMS Cardiff Gas.

This vessel is currently being converted to a floating LNG production unit in China.

The TMS Cardiff Gas fleet includes four 2014-built ships.

Moreover, in May 2021, TMS Cardiff Gas took delivery of LNGShips Manhattan, wrapping up its 2020-2021 newbuild program which included eleven 174,000-cbm vessels.

Most recently, Japan’s SBI Leasing Services, in collaboration with France’s BNP Paribas, signed a leasing agreement with a unit of George Economou-led TMS Group for one 2024-built LNG carrier.

The LNG carrier in question is the 174,000-cbm Athos LNG.

Economou’s TMS Cardiff Gas took delivery of this LNG carrier in September last year, the first in a series of new TMS LNG tankers.

VesselsValue data shows that TMS has six LNG carriers on order at SHI and Hanwha Ocean scheduled for delivery by 2027.

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