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BW LPG exercises purchase option on VLGC for $73m
Oslo: BW LPG has exercises its purchase option on VLGC Vermilion First (49,999dwt, built 2010) from Japan’s Daiichi Chuo Marine for $73m. The vessel, which has a capacity of around 77,323 cu m, has been on a time charter with BW since the acquisition of the charter from Maersk Tankers in 2013. The company said the vessel is expected for delivery within the next few weeks, and will be available for spot and CoA cover. BW LPG said the purchase will be settled from free cash and via a revolving credit facility. [02/03/15]
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