Stealthgas to Acquire LPG Carrier

Friday, August 10, 2007
Stealthgas will acquire its 39th LPG carrier, the M/V Gas Premiership, a 2001 built, 7,200 cbm Fully Pressurized LPG carrier. Upon its expected delivery to the company in February 2008, the vessel will be deployed under a four-year time charter to an international gas trader. The company also announced that it took delivery of the M/V Gas Evoluzione on July 23, 2007, M/V Gas Kalogeros on July 27, 2007, and the M/V Gas Sikousis on August 3, 2007, three LPG carriers that it had previously announced its agreement to acquire, thereby expanding its current fleet to 36 vessels, with a carrying capacity of 153,929 cbm.

The M/V Gas Evoluzione is a 1996 built, 3,517 cbm Fully Pressurized LPG carrier. Upon its delivery, it was deployed on a time charter for 12-months to an oil major. The M/V Gas Kalogeros is a 5,000 cbm Fully Pressurized new building LPG carrier which was delivered ex-yard to her original owners in March 2007 and has been delivered to the Company with an attached 10-month time charter to an oil major. The M/V Gas Sikousis is a 2006 built, 3,500 cbm Fully Pressurized LPG carrier. Upon its delivery to the Company, it was deployed under a 22-month time charter to an oil major. The charter for this vessel also includes, at charter's option, two one-year extensions, the first to be negotiated in May 2009 upon the expiration of the initial term of the charter. The aggregate revenue per calendar month for the above mentioned four time charters, including the M/V Gas Premiership, is $997,250. Stealthgas has extended the time charters for 3 vessels, the M/V Catterick, the M/V Gas Fortune and the M/V Gas Prodigy each to an international gas trader.

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

People & Company News

INTERSCHALT Expands Africa, Asia Service Networks

INTERSCHALT maritime systems AG, the provider of maritime software, services and supplier of Voyage Data Recorders (VDR 4G[e] and s-VDR) has expanded its network

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

E-marine Begins Fleet Expansion

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015,

Shipbuilding

E-marine Begins Fleet Expansion

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015,

VT Halter Launches ATB Tug for Bouchard

VT Halter Marine launched ATB tug Kim M. Bouchard for Bouchard Transportation at Moss Point Marine facility on February 26, 2015. Measuring 150 feet long, the 10,

ECO Orders Rolls-Royce Equipment for New AHTS

Rolls-Royce has been awarded a contract worth $30.6m with the American owner Edison Chouest Offshore (ECO). The contract for ship equipment comprises Azimuth main propulsion,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair 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: 0.1346 sec (7 req/sec)