Swan Energy

Swan Energy, Botas of Turkey ink lease agreement for offshore vessel

The duration of the agreement is for 12 months and is extendable

Swan Group leases out vessel to Turkey govt company for Rs 800 cr

Swan Energy through its subsidiary Triumph Offshore has signed an agreement to lease out its floating storage regasification unit (FSRU) vessel to Turkish government-owned natural gas and LNG firm Botas for an annual rentals of around Rs 800 crore. The lease arrangement is for a daily rental of USD 250,000, or about Rs 2 crore, which on an annualised basis works out to be around Rs 800 crore, Swan Energy said in a statement on Thursday. The duration of the leasing agreement of its FSRU vessel Vasant One is for 12 months and is extendable on mutual agreement, it added. Based on the bare boat charter, Triumph Offshore has leased out only the bare FSRU vessel to Botas which will manage all operational expenses, including fuel, crew, insurance, maintenance, and repair and thus fully revenue accretive. Rishi Chopra, spokesperson of Swan Energy, said the agreement will enhance the rental earning capabilities of the vessel and therefore the net revenue from the rental will strengthen our

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Volumes spurt were significantly higher during strong positive closes than during negative sessions.

Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval

Once RNAVAL is acquired, the company will have a new and robust sector at its behest, the company's management said

Swan Energy to raise funds for Rs 5,600 cr project at Jafrabad LNG port

Lenders' consortium will take a call on allowing SEL to raise funds by the end of July

Swan Energy zooms 20% on Gujarat Maritime Board approval for construction of LNG terminal

The stock is locked in upper circuit of 20% at Rs 201, also its 52-week high on the BSE