Stealthgas Acquires LPG Carrier
Furthermore, Stealthgas Inc. announced that on June 15, 2006 it took delivery of the Gas Nemesis, a vessel it had previously agreed to acquire. The Gas Nemesis is a Fully-Pressurized (F.P.) LPG carrier built in Japan in 1995 with a capacity of 5,016 cubic meters (cbm) and upon its delivery was deployed under an existing time charter to a major oil company at the rate of USD 201,500 per calendar month until December 2006. Thereafter the "Gas Nemesis" will be chartered for a further one year period at a minimum rate of $200,000 pcm and a maximum rate of $260,000 pcm the rate to be fixed one month prior to the expiry of the current time charter.