Belgian gas carrier owner Exmar has reached an agreement to sell five of its liquefied petroleum gas (LPG) carriers; the transaction is expected to generate a profit of $35 million for the company.
The five vessels slated for sale include three mid-sized carriers—the “Kortrijk” (built in 2016), “Kruibeke” (2017), and “Wepion” (2018)—with cargo capacities ranging from 38,200 to 38,500 cubic meters, as well as two small, fully pressurized gas carriers built in 2009: the “Joan” and the “Elisabeth”, each with a capacity of 3,540 cubic meters.
Details regarding the buyer and the transaction price have not been disclosed; it was only stated that the vessels are expected to be delivered to the new owner between the second half of 2026 and the first half of 2027.
Exmar is currently continuing to sell off its older vessels while simultaneously taking delivery of newly built mid-sized gas carriers.
In 2025, Exmar sold the “Waregem”—a 38,000 cbm mid-sized gas carrier built in 2014—as well as three older, small, fully pressurized gas carriers. These sold vessels will be replaced by two new 7,500 cbm vessels, scheduled for delivery in 2027 and 2028 under long-term charters.
Regarding newbuilds, Exmar took delivery of the “Antwerpen”—the first vessel of its 46,000 cbm class of ammonia-dual-fuel mid-sized gas carriers—in June 2026.
Exmar’s fleet currently comprises a total of 48 vessels and offshore units—including owned, joint-venture, chartered, managed, and under-construction assets—consisting of 39 LPG/ammonia carriers, two LNG carriers, two floating storage and regasification units (FSRUs), four Suezmax tankers, and one offshore unit.