Belgian shipowner Exmar and its co-owners on an LNG carrier are dipping into a fund designed to top up charter earnings to cover the ship’s financing costs.
In its third-quarter results, Exmar said the 138,106-cbm Excel (built 2003) remains under short-term employment with extension discussions currently under way.
The company added, however: “Due to currently low employment conditions, the revenue deficiency mechanism in place to ensure minimum income for the vessel is (being) utilised.”
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