Two ships previously owned by Genoa-based Cryo Gas Med shipping company has just been sold at auction.
Shipbroking sources tell Splash that the LPG carrier CGM Leopard was sold for $1.7m to an undisclosed buyer. Sister ship CGM Tiger, renamed to Power S, was also sold and is now managed by Turkey’s Umde Ship Management.
Italian bank Antonveneta had a €9m ($10.1m) mortgage on the pair of vessels.
Cryo Gas Med’s overall financial exposure with creditors amounts to over €12m ($13.5m).
