Flavor of the Week

Based upon recent S&P reports, Norwegians are finding the LPG segment an attractive investment. DnB NOR is reported to have entered into a sale-leaseback transaction with Stargas. DnB has agreed to purchase the following vessels for $70 million en bloc and lease them back to Stargas under a 7-year bareboat charter.

Exmar also announced that it sold the Carli Bay, a 25,000 cbm LPG built in 1998, to ABG Sundal Collier. The sales price was $49.5 million resulting in a capital gain of approximately $20 million.

We assume all are destined for K/Ss.

This is only an excerpt of Flavor of the Week

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post