One Houston-based freight carrier of gases that we could see doing a lot of business with energy projects around the world is Excelerate Energy. Reports around the freight carrier industry indicate this firm has been growing steadily in the seven years since its it first entered the business of transporting bulk gases to destinations around the world. Reports indicate that at present Excelerate Energy has eight specialized “Energy Bridge” or LNG regasification vessels (LNGRVs) at work transporting bulk gases. Excelerate Energy has also apparently had a pretty good winter season, with gas volumes up and two of their LNGRVs reported as having started work in Kuwait and Argentina recently.
Near the end of March Excelerate Energy announced a trade deal with Argentinian utility firm Enarsa. The company has also stepped up its purchase of vessels by buying out the stake partner Exmar had in two new vessels that are set to be delivered later in 2010. Reports indicate that at present the partnership between Exmar and Excelerate Energy has 8 LNG regasification vessels and 1 conventional LNG carrier. Versatile vessels that have proven to be flexible, efficient and reliable, and we could see these vessels competing for more and more business in the future.
Excelerate Energy has a head start of around two years in the transport of gases and this could give them an advantage that could be difficult to match for freight carriers just starting in the LNGRV business. New firms just getting into this business could we a little overly optimistic thinking they can compete right away. There’s a lot of different aspects that go into building and operating floating facilities such as LNGRVs and Excelerate Energy has already done the ground work and the job before.
Tags: freight moving, heavy haul, Trucking transport, trucking transports