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]