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Dreifa Energy and Bernhard Schulte Shipmanagement sign Operational Partner Agreement

We are pleased to inform that Dreifa Energy Limited (Dreifa) and Bernhard Schulte Shipmanagement (BSM) have signed an Operational Partner Agreement. The companies will work closely to materialise the Dreifa floating LNG regasification solution and ensure reliable and cost-efficient access to energy for new and existing LNG consumers worldwide.

Dreifa and BSM will cooperate through the different phases of the project, allowing the partnership to create long-term value for our clients. BSM will be actively involved to ensure i) safe and reliable design based on best practices from decades of experience, ii) successful execution of the conversion project and iii) high quality operation of the Dreifa Terminals.

Dreifa is developing a floating regasification terminal for mid-scale LNG import. The terminal concept consists of regasification and related utilities on a suited floating structure (FRU), operating in combination with a standard LNG carrier acting as the floating storage unit (FSU). The company is now in the process of maturing the design to a level required for firming up equipment and construction cost, seeking approvals from classification societies and placing orders for long lead items.

Bernhard Schulte Shipmanagement is an integrated maritime solutions leader and part of the Hamburg based Schulte Group which has more than 130 years of experience in the shipping industry. Managing a fleet of 600 vessels, BSM’s 20,000 employees globally enable it to deliver safe, reliable and efficient ship management services through a network of ten ship management, 24 crew service and five wholly-owned maritime training centres across the world. Bernhard Schulte and BSM have owned and managed gas carriers for 45 years, and currently have over 25 LNG carriers on the books in addition to a large managed LPG fleet. Most recently, Bernhard Schulte ordered a 175k cbm “Panamax” LNGC for a long-term charter and last week placed an order for a 7.5k cbm LNG Gas Supply Vessel. BSM’s extensive in-house experience is underlined by the recent election of the Chief Operating Officer, David Furnival, as President of the Society of Gas Tanker & Terminal Operators (SIGTTO), while his colleague Chris Clucas is President of the Society for Gas as a Marine Fuel (SGMF).

Dreifa is excited to work with BSM and see this as an important step forward as we are executing on our plan. The aim is to have the first Dreifa FRU available for start up in 2H 2018.

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