Stabilis Solutions Inc. announced that its wholly-owned subsidiary, Stabilis GDS, Inc., has entered into a time charter agreement with Seaspan Energy Ltd. for the charter of the liquified natural gas bunkering vessel, Garibaldi. Under the agreement, Stabilis GDS will pay $32,400 per day for a period of 730 days, with the charter expected to commence on or about March 1, 2026. The company will also pay an estimated $1 million positioning fee to relocate the vessel from western Canada to Galveston, Texas. The agreement includes options for Stabilis GDS to extend the charter by one year and to purchase the vessel for $60 million during the charter term. Stabilis Solutions Inc. has guaranteed the obligations of Stabilis GDS under the agreement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stabilis Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-038159), on December 17, 2025, and is solely responsible for the information contained therein.
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