Excelerate completes fleet transfer to technical management unit

Provider of floating storage and regasification units (FSRUs) Excelerate Energy has transitioned its entire fleet of FSRUs to one of its subsidiaries.

Excelerate said on Monday that the FSRU fleet was transitioned to Excelerate Technical Management (ETM).

Steven Kobos, president and chief executive officer (CEO) of Excelerate Energy, said: “Congratulations to our ship management team overseeing this effort and the 600 plus seafarers that supported.

“Transitioning 10 ships in 10 months is a tremendous accomplishment in any year, but especially in 2020. Through ETM, we look forward to continuing to provide the seamless service our customers have come to know and expect”.

Excelerate began transitioning its fleet in February with the FSRU Experience after The Republic of the Marshall Islands and the Government of Belgium awarded Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code to ETM.

The company added that it completed the transition of the tenth and final FSRU Excellence on 28 October. As each FSRU undergoes scheduled maintenance and upgrades, Excelerate plans to repaint its vessels in the corporate brand colours and design.

Cal Bancroft, executive vice president and chief operating officer (COO) of Excelerate Energy, stated: “At Excelerate, we hold ourselves to the highest standards, and this transition gives us an opportunity to enhance our already rigorous safety management programs.

“It also demonstrates our commitment to stewardship, accountability, improvement, and leadership and providing more flexible and seamless services to clients”.