Stealthgas Acquires LPG Newbuildings

Thursday, December 14, 2006
Stealthgas has entered into an agreement to acquire two contracts for LPG carriers under construction, the M/V Gas Flawless and the M/V Gas Haralambos, for a total consideration of $46m. The Gas Flawless, a 6,300 cbm Fully Pressurized (F.P.) LPG carrier hull number 595, is expected to be delivered to STEALTHGAS ex yard Higaki Zosen, Japan in early February 2007. The Gas Haralambos, a 7,000 cbm Fully Pressurized (F.P.) LPG carrier hull number K408, is expected to be delivered to STEALTHGAS ex yard Kanrei Zosen, Japan in October 2007.

STEALTHGAS INC. announced that it has entered into new time charter arrangements for the "Gas Tiny" and the "Gas Oracle", has extended the existing time charter for the "Gas Czar" and has extended the existing bare boat charter for the "Birgit Kosan". The "Gas Tiny" has entered into a new time charter with a European industrial group for a period of 24 months commencing in January 2007 at the rate of USD 140,000 per calendar month. The "Gas Tiny" is currently employed until the end of December 2006 on a time charter at the rate of $120,000 per calendar month. The "Gas Oracle" has entered into a new time charter with a European industrial group for a period of 12 months commencing in December 2006 at the rate of $220,000 per calendar month. The Gas Oracle was previously employed on the spot market.

The Gas Czar has extended its existing time charter with a major oil company for a period of 12 months commencing in November 2006 at the rate of USD 190,000 per calendar month. The Birgit Kosan has entered into an agreement to extend the bare boat charter with the existing charterers, a major owner of LPG vessels, for a further six months commencing in April 2007 at the rate of $150,000 per calendar month. The "Birgit Kosan" is currently employed until April 2007 on a bare boat charter at the rate of $190,000 per calendar month.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

E-Procurement Streamlined via the Cloud

Marine Procurement Solutions (MPS) has built an electronic platform that aims to enhance the purchasing cycle for the maritime industry. MPS provides software,

Cashman Continues to Expand US Northeast Barge Fleet

Cashman Equipment Corp. announced the continuing expansion of its U.S. Northeast barge and crane fleet for the marine construction market.   Over the past year,

Environmental

ExxonMobil Debuts Premium AFME 200

To help shipowners meet strict new emission mandates, ExxonMobil expanded its range of fuels for use within Emission Control Areas (ECA) with the introduction of

Ecochlor BWTS

Ballast water treatment technology developer Ecochlor Inc. presented a project case study at CMA Shipping 2015, a case study which covered the retrofit of Ecochlor’s

GEA UV Ballast Water Treatment

Earlier this year GEA won the first contract for equipping cruise liners with its UV ballast water treatment system, BallastMaster marineX, powered by Trojan Marinex.

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1442 sec (7 req/sec)