Exmar has released the details of two new financing agreements.
The Belgian shipowner disclosed Thursday that Sinosure had approved the release of $40m from the debt service agreement under the Tango FLNG loan facility.
The funds will be restricted, Exmar said, and will be released in the coming days.
The barge, under contract with Argentina-based YPF, exported its second cargo in December and the third is being produced.
Exmar also obtained $20m in pre-delivery financing for two VLGCs under construction at Jiangnan Shipyard in China.
"With the structural developments and extension of the bridge loans, Exmar is in a stable cash position to cover its current liabilities and address its future cash requirements until the effective release of the debt service reserve account," the company said.
The two ships are due for delivery next year and will enter five-year charters to Equinor upon delivery.
The Nicolas Saverys-led company recently announced a reorganization that Saverys described as a "re-dynamising" after several difficult years.
The shake-up included naming a new deputy chief executive in Francis Mottire while splitting the business into three separate units, Exmar Shipping, Exmar Infrastructure and Exmar Shipmanagement.
