ECONOMY

Exmar LNG transport bid misses target

BRUSSELS (Reuters) – Belgian natural gas shipping company Exmar put in a bid to transport liquefied natural gas to Suez from Yemen LNG, under a deal announced on Monday, but it was not selected, its chief financial officer said. Suez LNG Trading, a unit of French utility Suez, said on Monday it had signed a deal to buy 2.5 million tons of LNG per year from Yemen LNG, starting in 2009. It said the tender process for the shipping was nearing completion. Exmar Chief Financial Officer Patrick De Brabandere told Reuters Exmar had put in a bid, but had not qualified. Separately, Greek-based Diana Shipping Inc announced that it has entered one of its Panamax dry-bulk carriers, the Protefs, into a short-term time-charter contract with Norden A/S for a period of approximately 24-30 days, at a gross rate of $16,500 per day. The Protefs is a Panamax dry-bulk carrier of 73,630 dwt.