Tuesday, November 13, 2012

[Marine] Greek LPGC options lapse

Greek LPGC options lapse

Greek shipowner Harry Vafias seems to have decided not to declare options for four small LPG carriers in Korea.

His New York-listed company StealthGas recently announced that it had taken over the contracts for two 5,000CBM and two 6,500CBM ships at a Korean shipyard, reportedly STX Offshore & Shipbuilding, from an affiliated company for just under $100m in total.

The order was placed in March this year by Vafias’s private company, Brave Maritime, for around $100m.

The deal included an option for four more vessels but the options have reportedly expired in September.



Published : November 12, 2012

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