Haynes and Boone’s London office represented TMS Cardiff Gas in its contract with Hyundai Heavy Industries of Korea (HHI) for the construction of one 174,000 cubic meter LNG carrier with XDF propulsion, plus an option for a second vessel.
TMS Cardiff Gas called the order the first in the company’s X Carrier Series of orders, which expands the company’s fleet of managed vessels to 10. The vessel is scheduled for delivery in 2020, when she will enter into a seven-year time charter contract with TOTAL Gas & Power Chartering, Limited. Andreas also represented TMS Cardiff Gas on the charter contract.
The order also marks the company’s further expansion into the LNG sector with secured term employment upon delivery, the release said, and the company maintains its appetite for further growth in the sector, as reflected by the additional capacity made available with optional vessels for delivery in 2020 and 2021.
TMS Cardiff Gas is a corporation with offices in Greece that was formed in 2011 and currently manages Cardiff’s LNG and LPG fleet. TMS Cardiff Gas has a DNA stemming from more than 30 years of traditional ship-management services coupled with engineering and offshore project management expertise and a highly experienced team of LNG and LPG professionals.
Haynes and Boone advised TMS Cardiff Gas ltd with a team led by Andreas Silcher (Picture).
Involved fees earner: Andreas Silcher – Haynes and Boone;
Law Firms: Haynes and Boone;
Clients: TMS Cardiff Gas Ltd;