US-based Excelerate Energy has launched a new wholly owned subsidiary to offer ship management services for the LNG market, following the award of interim documents of compliance (DoC) under the International Safety Management (ISM) Code from the Republic of Marshall Islands and the Belgium Government
The ISM DoC authorises the new subsidiary, Excelerate Technical Management (ETM) to operate as ship manager for Excelerate’s entire fleet of floating storage and regasification units (FSRUs). The interim DoC is the result of an audit of ETM’s safety management system, confirming compliance with ISM standards which ensure the safe operation of its crew and vessels.
“Excelerate has achieved a company milestone with the successful launch of our ship management services,” said Excelerate president and managing director Steven Kobos. Mr Kobos said ETM would offer “clients the advantages of integrated service as a fully independent provider of floating LNG solutions.” He added “As the largest and most reliable provider of FSRU-based services in the world, Excelerate has built a track record of delivering creative and timely energy solutions for over 15 years. We have endeavoured over the past several years to integrate the components of our business that have the greatest impact on our ability to provide flexible and seamless service to our clients.”
The first of its vessels under ETM ship management, FSRU Experience, will be the first with a new livery. The 173,400-m3 vessel recently departed Navantia drydocks in Fene-Ferrol, Spain, where it underwent scheduled maintenance and upgrades, was rebranded and painted in Excelerate’s brand colours and design. Excelerate will transition its entire fleet to ETM ship management by the end of 2020.
“The physical rebranding of the fleet in our own colours reinforces that the Excelerate fleet is part of one effort and one culture committed to our core values,” Mr Kobos explained. “The new livery identifies our assets across the world as uniquely Excelerate.”
The fleet will be repainted in the new colours as part of scheduled maintenance.