28Th Lpg News

Stealthgas Acquires LPG Carrier

Stealthgas Inc. has entered into an agreement to acquire its 28th LPG carrier, the M/V Batangas, for consideration of $9.4m with expected delivery in early July 2006. Batangas is a Fully-Pressurized (F.P.) LPG carrier built in Japan in 1995 with a capacity of 3,300 cubic meters (cbm). Upon delivery, it will be immediately deployed under a bareboat charter to a major gas trader at a rate of $106,000 per calendar month until July 2008. Furthermore, Stealthgas Inc. announced that on June 15, 2006 it took delivery of the Gas Nemesis, a vessel it had previously agreed to acquire. The Gas Nemesis is a Fully-Pressurized (F.P.) LPG carrier built in Japan in 1995 with a capacity of 5…