Funds advised by Basalt Infrastructure Partners (“Basalt”) announce that an agreement has been signed to add a modern newbuild 180,000 CBM LNG carrier into its Vanadis LNG platform.

The addition brings the Vanadis platform to a total of three vessels and demonstrates successful delivery of Basalt’s strategy to add further scale and new charter relationships to its fleet.

The vessel is expected to be delivered during 2027 and will be employed on a long-term, fixed time charter to Japanese energy company, JERA. This investment brings together existing operating partners and counterparties with an exceptional track record of delivery. The vessel will be built at Samsung Heavy Industries, one of the world’s leading shipyards and will be equipped with the latest X-DF propulsion system, offering industry-leading fuel efficiency and associated low emissions.

The vessel will be managed and operated by Celsius Shipping, Basalt’s existing operating partner across its Vanadis and Freyja LNG portfolios. Basalt expects to continue to grow the Vanadis LNG fleet over the coming months.”

John Hanna, Partner and Head of Europe at Basalt commented, “we are delighted to continue our successful partnership with Celsius with the addition of what will be Basalt’s sixth newbuild LNG vessel. We continue to view LNG as an important transitional fuel and key to supporting security of supply in global energy markets.”

Basalt Infrastructure Partners press release