Stabilis Inks Significant LNG Bunker Contract with Carnival

by Admin
Stabilis lng bunkering deal carnival corporation

Stabilis Solutions Inc., a renowned sustainable energy production, storage, and delivery solutions provider, proudly announces its award of a multi-year marine bunkering contract with Carnival Corporation & plc. This contract entails the provision of liquefied natural gas (LNG Bunkering) fuel for the Carnival Jubilee, the latest addition to the Carnival Cruise Line fleet, scheduled to set sail from Galveston, Texas in December 2023.

Under the terms of the agreement, Stabilis will ensure consistent LNG deliveries from its Texas-based liquefaction facility throughout the two-year contract. Additionally, there is an option to extend this contract for up to an additional two years upon Carnival Corporation’s request.

“Stabilis continues to develop a leading LNG marine bunkering platform at strategic ports across North America,” stated Westy Ballard, President and CEO of Stabilis. “We are excited to partner with Carnival Corporation, a pioneering global cruise line company committed to the decarbonization of their fleet through the adoption of LNG and alternative fuels. We also look forward to working closely with the Port of Galveston as it becomes a leading LNG bunkering hub.”

“As part of our ambition to achieve net-zero carbon ship operations by 2050, we’re investing in LNG-powered vessels because LNG delivers immediate greenhouse gas emission reductions and is the best available market-ready fuel to help cut ship greenhouse gas emissions now,” said Tom Strang, Senior Vice President of Maritime Affairs, Carnival Corporation & plc. “We were the first to introduce LNG-powered cruise ships into the North American market and we are delighted to partner with Stabilis to further our decarbonization strategy by helping to power the next-level fun awaiting guests aboard the highly anticipated Carnival Jubilee.

“Over the next three years, we anticipate the global fleet of LNG-fueled vessels will increase materially, as operators seek to reduce carbon emissions through the adoption of lower-cost sustainable fuel sources,” continued Ballard. “Our proven supply network and logistics assets well position Stabilis to serve this significant, growing addressable market, which remains in the early innings of a multi-year expansionary phase. Our relationship with Carnival is an important next step in further solidifying our position as a premier marine LNG fuel provider serving ports across North America.”

Stabilis was founded in 2013 with the vision of providing low cost, abundant, and environmentally friendly natural gas solutions throughout North America. Today we are a leading producer, marketer and distributor of liquefied natural gas (LNG) and hydrogen, serving a wide range of customers with portable, temporary and permanent solutions.

Carnival Cruise Line, a division of Carnival Corporation & plc is renowned for being America’s Cruise Line, having welcomed over 100 million guests and serving as the leading carrier for Americans. For more than five decades, Carnival has revolutionized the cruise industry. With 14 U.S. and two Australian homeports and a diverse team representing 120 nationalities, Carnival currently operates 25 ships and is poised for further growth with the addition of two more ships in the coming year.

Source Stabilis Solutions Inc.