Middle East

LPG purchase for Skaugen Gulf Petchem Carriers

Dubai: Skaugen Gulf Petchem Carriers (SGPC), a joint venture founded in Bahrain in December 2010 between Norway’s IM Skaugen, Elaf Bank and nogaholding, has taken on an LPG/ethylene carrier.  

The Norgas Sonoma, a 8,556 cu m ship built in 2003, was sold for $25m to SGPC. Norgas is a subsidiary of IM Skaugen. The vessel will continue to operate in the Norgas pool and under Norgas management.  [30/06/13]

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