Stealthgas Takes Delivery of LPG Carriers

Friday, July 06, 2007
Stealthgas Inc. took delivery of the M/V Sea Bird II on May 18, 2007, the M/V Gas Renovatio on May 29, 2007, the M/V Gas Icon on June 27, 2007, and the M/V Chiltern on June 28, 2007, four LPG carriers that it had previously announced its agreement to acquire, expanding its current fleet to 33 vessels, with a carrying capacity of 141,912 cbm.

The M/V Sea Bird II is a 1996 built, 3,518 cbm Fully Pressurized LPG carrier and is employed under a two-year bareboat charter until May 2009 to an international gas trader. The M/V Gas Renovatio is a 1997 built, 3,313 cbm Fully Pressurized LPG carrier. Upon its delivery to the Company, it was deployed under a 7-month time charter until January 2008 to an international gas trader. The M/V Gas Icon is a 1994 built, 5,000 cbm Fully Pressurized LPG carrier and is employed under a 12-month time charter until July 2008 to an oil major. The M/V Chiltern, is a 1997 built 3,312 cbm, Fully Pressurized LPG carrier and is employed under an 11-month bareboat charter until May 2008 to an international ship operator. The aggregate purchase price for the above four delivered vessels was $37.65 million.

In addition, the company agreed to acquire two LPG carriers the M/V Gas Kalogeros, a 2007 built 5,000 cbm Fully Pressurized and the M/V Gas Sikousis, a 2006 built 3,500 cbm Fully Pressurized which are expected to be delivered to the Company in July 2007. Also as previously announced, the Company has entered into agreements to acquire three additional second-hand LPG carriers the M/V Gas Evoluzione, a 1996 built 3,517 cbm Fully Pressurized with expected delivery in July 2007, the M/V Gas Haralambos, a 2007 built new building resale 7,000 cbm Fully Pressurized and the M/V Gas Sophie, a 1995 built 3,500 Fully Pressurized both with expected delivery in October 2007. Once these acquisitions are complete, the Company's fleet will be composed of 38 LPG carriers with a total capacity of 164,429 cubic meters (cbm).

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Coast Guard

Bulk Grain Carrier Aground in Lake St. Claire

The Coast Guard informs it is responding to a 36,563 dwt 656-foot freighter that is hard aground in the downbound shipping channel of Lake St. Clair. Coast Guard

USCG saves Distressed Kayaker in Chatham Harbor

A Coast Guard Station Chatham rescue crew saved a kayaker Friday in Chatham Harbor, Massachusetts, after his kayak overturned. Station Chatham was notified at about 6:45 p.

USCG Change of Command in Galveston

A Coast Guard lieutenant commander and graduate of Hastings High School in Houston, took command of Maritime Safety and Security Team Galveston during a ceremony in Galveston Thursday.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0942 sec (11 req/sec)