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

People & Company News

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

Environmental

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1323 sec (8 req/sec)