Project Report: Acquisition and Charter of Four VLGCs
Executive Summary: This report outlines the proposed acquisition of four VLGCs (Very Large Gas Carriers) and the subsequent long-term charter arrangement with E1 Corp, Korea. The project seeks investment to finance the purchase and aims to generate substantial returns through the secured 7-year time charter contracts. This report includes the financial projections, potential risks, and investment opportunities for interested parties.
Project Overview:
Vessels for Sale:
#1: Capacity 86,092 m³ (built 2023, Korean-built)
#2: Capacity 86,092 m³ (built 2023, Korean-built)
#3: Capacity 86,092 m³ (built 2023, Korean-built)
#4: Capacity 84,604 m³ (built 09/2020, Korean-built) – SS 09/2025, DD 09/2023
Special Features:
All ships are BWTS fitted.
The 2023-built ships are dual-fuel (LPG).
The 2020-built HLS AMBER is fitted with an open loop scrubber (others are not).
Time Charter Details:
Charter Period: 7 years
Charter Rate: $780,000 per calendar month per vessel
Charterer: Korean Delivery: Ex-yard
Financial Overview:
Purchase Price: $100 million per vessel
Total Investment: $400 million for four vessels
Revenue Projections:
Monthly Revenue per Vessel: $780,000
Annual Revenue per Vessel: $9.36 million
Total Annual Revenue (4 vessels): $37.44 million
Total Revenue over 7 Years: $262.08 million
Profit and Loss Projections:
Revenue:
Total Revenue (7 years): $262.08 million
Expenses:
Initial Investment: $400 million
Operating Costs (estimate): $2 million per vessel per year
Total Operating Costs (4 vessels over 7 years): $56 million
Net Profit:
Total Revenue: $262.08 million
Total Costs (Investment + Operating): $456 million
gross Loss: $(193.92) million
residual value after 7 years about 240 m usd
net profit 45 million abt
Funding Requirements:
Minimum Funding: $1 million
Maximum Funding: $35 billion
Funding Type: Loan Investment
Funding Rate: 3.5% interest rate per annum
Term: 10 years (renewable tenure)
Sector of Interest: Maritime (among others)
Investment Opportunity: To proceed with the investment, interested parties need to register their interest and sign an NDA. The client company must submit a business plan covering:
Company Introduction:
Details of the company structure and history.
Introduction of the project owner/initiator.
Project Evaluation:
Historical evaluation if it is an existing project or a detailed plan for a new project.
Financial Structure and Analysis:
Detailed financial projections and analysis to support the investment plan.
Clearly defined total amount needed to fund the project.
Terms and Conditions:
Submission of a business plan for investor review.
Drafting of an agreement/MOU outlining the terms, including repayment time, security/collateral for the funds, and appointed underwriters for the loan.
Risk Assessment:
Market Risks:
Fluctuations in charter rates.
Changes in fuel prices affecting operating costs.
Operational Risks:
Potential delays in delivery or maintenance.
Unexpected repairs or technical issues.
Financial Risks:
Interest rate changes affecting loan repayments.
Currency exchange rate fluctuations.
Conclusion: The acquisition and charter of the four VLGCs present a substantial investment opportunity with secured long-term revenue streams. However, potential investors must consider the associated risks and financial commitments. Detailed financial and operational due diligence is essential for maximizing returns and ensuring project success.
**===================**
Good day.
Please offer FIRM for:
For sale the following LNGC Carriers
Owners inviting best offers - singular or enbloc approaches both considered.
LNGC PACIFIC SUCCESS
--
Abt 88,624TDW on 12.02M
174,101 CBM
Built 3/ 2024 SAMSUNG HI
BV SS 17/03/2029 DD 17/03/2027
LOA 293.16M Beam 45.80M
WinGD 5X72DF-LPSCR / Tier III 30,441 BHP
4Tanks 174,101CBM
Pumps 2 x 1750 m3/hr SM350
LDT 34,807MT
BWTS Fitted
***//\\
LNGC LNG ALLIANCE
---
Abt 86,389TDW on 12.60M
151,383 CBM
Built 3/ 2007 CHAN DE L ATLANTIQUE
BV SS 15/04/2027 DD 13/04/2025
LOA 289.57M Beam 43.35M
WARTSILA 12V50DF 53,507 BHP
5Tanks 151,383CBM
Pumps 2 x 1750 m3/hr Centrifugal
LDT 40,207MT
***//\\
LNGC HONGKONG ENERGY
---
Abt 73,659TDW on 12.00M
140,500 CBM
Built 3/ 2004 DAEWOO SHIPBUILDING
BV SS 30/03/2024 DD 30/03/2024
LOA 287.00M Beam 43.40M
Kawasaki UA-360 31,957 BHP
4Tanks 140,500CBM
Pumps 8 x 1750 m3/hr
SBT / LDT 31,341MT
***//\\
LNGC SINGAPORE ENERGY
---
Abt 75,074TDW on 11.30M
136,135 CBM
Built 3/ 2003 SAMSUNG HI
BV SS 28/03/2028 DD 25/08/2026
LOA 278.65M Beam 42.60M
Kawasaki UA-400 38,932 BHP
4Tanks 136,135CBM
Pumps 8 x 1700 m3/hr
SBT /LDT 29,922MT
BWTS Fitted
***//\\
LNGC MERCHANT
---
Abt 75,059TDW on 12.06M
138,517 CBM
Built 7/ 2003 SAMSUNG HI
BV SS 30/06/2028 DD 21/05/2026
LOA 278.80M Beam 42.60M
Kawasaki UA-400 38,932 BHP
4Tanks 138,517CBM
Pumps 8 x 1700 m3/hr
SBT /LDT 29,920MT
BWTS Fitted
ALL DETAILS IN GOOD FAITH AND WOG
Look forward to hearing from you soon.
Please offer your best.
FOR FURTHER DETAILS, CLARIFICATIONS, PLS CONTACT.
Quick reply to <seamus @pkt.gr>