World News
Stolt-Nielsen in Talks to Sell Up to 50% Stake in Bunker Firm Avenir LNG
Norwegian shipping firm Stolt-Nielsen is in discussions with a strategic buyer over the potential sale of up to 50% of its interest in LNG bunkering firm Avenir LNG.
The talks are being conducted through its subsidiary, Stolt-Nielsen Gas Ltd, and relate to a partial divestment in Avenir LNG, Stolt-Nielsen said in a press release on Monday.
Avenir LNG owns and operates a fleet of five LNG bunkering vessels, with two additional LNG bunkering vessels currently under construction.
Stolt-Nielsen said any transaction would be subject to final documentation and customary regulatory and corporate approvals, which are expected to be completed in the first quarter of 2026.
If a formal agreement is reached, the company plans to continue owning and operating Avenir LNG jointly with the buyer through a joint-venture structure.
No financial details or potential counterparties were disclosed.
Last year, Stolt-Nielsen gained full control of Avenir LNG after acquiring nearly all the shares of Avenir LNG owned by Golar LNG and Aequitas.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 465.50 | 6.00 | 648.50 | 6.00 |
| Rotterdam | 444.00 | 9.00 | 684.50 | 18.50 |
| Houston | 449.00 | 7.00 | 671.50 | 20.00 |
| Fujairah | 456.00 | 9.50 | 735.50 | 8.50 |
| Global 20 Ports Average | 488.00 | 3.00 | 750.00 | 9.00 |
| Global 4 Ports Average | 453.50 | 7.50 | 685.00 | 13.50 |
| Global Average Bunker Price | 530.50 | 4.00 | 787.50 | 5.00 |
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