other material
confidence high
sentiment neutral
materiality 0.65
Stabilis Solutions charters LNG bunkering vessel Garibaldi for two years at $32,400/day
Stabilis Solutions, Inc.
- Stabilis GDS subsidiary entered time charter with Seaspan Energy for LNG bunkering vessel Garibaldi.
- Daily charter rate $32,400 for 730 days; delivery expected on or about March 1, 2026.
- Positioning fee ~$1.0 million to move vessel from western Canada to Galveston, Texas.
- Option to extend the charter for one additional year and purchase option at $60 million during the term.
- Stabilis guaranteed all obligations of its subsidiary under the agreement.