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