Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas, has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for USD 2.875 million, reports Lanka Business Online quoting company sources.
The 1998-built 3,500-cbm Lady Martine was bought from Ultragas at a price of $2.875m and will be renamed Gas Courage. It will be reflagged to Sri Lanka.
Laugfs Maritime Services private limited operates with Board of Investments of Sri Lanka approval
to carry out a business of sea cargo operation services.
The new vessel will join the company’s two other LPG carriers, Gas Challenger and Gas Success.
Laugfs Maritime Services purchased its second Liquid Petroleum gas carrier vessel "Gas Dorado" with a total investment of US$ 6.0 million in October 2015.
Its maiden acquisition of LPG ship MT "Gas Challenger" was made in 2014 marking its entry into maritime business.
Laugfs Maritime provides ocean freight services and related logistics to the LP gas downstream industry in the region.