SBI Leasing inks leasing deal for TMS LNG carrier

Japan's SBI Leasing Services, in collaboration with France's BNP Paribas, has 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.

SBI Leasing announced the JOLCO (Japanese operating lease with call option) transaction with LNG Ships in a statement on Friday.

However, the firm did not provide further details regarding the leasing agreement.

Economou’s TMS Cardiff Gas took delivery of this LNG carrier in September last year.

It is the first in a series of TMS newbuild LNG tankers.

The vessel is equipped with MAN ME-GA propulsion, a shaft generator, and an air lubrication system.

Athos LNG serves a multi-year charter with Osaka Gas International Transport, a unit of Japan’s city gas supplier and LNG importer Osaka Gas.

VesselsValue data shows that TMS ordered this LNG carrier and another vessel at SHI in May 2022. TMS paid about $231 million per vessel.

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

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.

The company’s website shows its fleet includes four 2014-built ships, the 2004-built Fuji LNG, and the 2006-built Condor LNG.

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