other material
confidence high
sentiment negative
materiality 0.50
Stabilis Solutions' LNG bunkering vessel charter terminated; owes $1.85M in termination and accrued fees
Stabilis Solutions, Inc.
- Time charter for LNG bunkering vessel Seaspan Garibaldi terminated effective June 24, 2026.
- Stabilis GDS must pay $750,000 early termination fee by Jan 1, 2027.
- Approximately $1.1 million in previously accrued amounts payable in two Q3 2026 installments.
- Charter originally dated December 12, 2025; option to terminate granted June 11, 2026.