Nauticor Moves to Sole Charterer of LNG Bunker Vessel Kairos

| Germany: Hamburg | Source: Nauticor

KairosHamburg-based LNG supplier Nauticor GmbH & Co. KG and Klaipedos Nafta (KN) — operator of the Klaipėda oil terminal based in Klaipėda, Lithuania — have agreed on the transfer of KN’s 10% stake in the charter contract of Kairos. the world’s largest LNG bunker supply vessel, to Nauticor. Once effective, Nauticor will become the sole charterer of Kairos.

The world’s largest LNG bunker supply vessel was delivered by Babcock International in November 2018. Kairos is chartered by Blue LNG, a joint venture between Nauticor (90%) and Klaipedos Nafta (10%). End of March 2019, Nauticor executed an option to acquire KN’s share in Blue LNG. The transfer shall become effective as of September 30th, 2019. Purpose of the transaction is to allow both parties to optimize their core operations.

Nauticor uses Kairos to supply marine customers with LNG as a fuel. Within the first months of operations, customers from the container, the tanker and the ferry segment have already been supplied with LNG via ship-to-ship bunkering and demand for the LNG bunkering service is growing.

As of today, the vessel is also used for the reloading of LNG from the Klaipėda import terminal to the LNG reloading station situated next to the gates of the port of Klaipėda. This operation requires Kairos to call the port of Klaipéda on a regular basis.

Mahinde Abeynaike, CEO of Nauticor, provides the rationale of the decision: “By having 100% control over Kairos, we can deploy the vessel at the LNG bunkering “hotspots” without having the obligation to deviate to Klaipeda on a regular basis. Hence we will be able to fully focus on our customers’ scheduling requirements. We are looking forward to working closely with KN also in the future to further strengthen the Baltic Sea LNG small scale supply infrastructure.”

As a part of The Linde Group, a world-wide leading gas and engineering company, Nauticor combines a broad range of competencies in cryogenic technology, logistics, and bunkering to develop LNG supply solutions for maritime customers in Northwest Europe. It is Nauticor’s strategy to cover the entire LNG value chain from the terminal to the end customer, including sourcing, transport, storage and bunkering in strategically important ports.

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