Stealthgas Aquires an Additional LPG Carrier

Thursday, February 16, 2006
Stealthgas Inc. announced that it has entered into an agreement to acquire one additional LPG carrier Gas Fortune for a consideration of $ 9.5 million with expected delivery end February/early March 2006. Gas Fortune"is a Fully-Pressurized (F.P.) LPG Carrier built in Japan in 1995 with a capacity of 3,500 cubic meters (cbm). Upon delivery, it will be immediately deployed under a time charter to an international gas trader at a rate of $175,000 per calendar month until about February 2007. Gas Fortune is an additional vessel beyond the 10 identified vessels outlined in the company's IPO. Stealthgas has taken delivery of Gas Czar, a vessel that it had previously agreed to acquire. Gas Czar is a Fully-Pressurized (F.P.) LPG carrier built in Japan in 1995 with a capacity of 3,500 cubic meters (cbm). It will be deployed under an existing time charter to an oil major at a rate of USD 171,250 per calendar month until November 2006.
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,

IMO Forum Aims to Rebuild Somalia's Maritime Sector

A three-day Stakeholders Forum will be held April 27-29 to review draft guidelines for the establishment of a Somalia Maritime Administration, coordinated and funded

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.1689 sec (6 req/sec)