Stolt-Nielsen has revealed an $182m LNG partnership with fellow Norwegian shipowners Golar LNG and Hoegh LNG.
Oslo-listed Stolt explains the trio will invest the cash in six small-scale LNG carriers, a small-scale storage terminal and regasification facilities.
Avenir LNG, which was formed by Stolt last year and reported as an IPO candidate by TradeWinds this summer, will be the investment vehicle for the shipowners.