Foresight snaps up another VLGC

Ravi Mehrotra’s Foresight Group has acquired 2009-built 80,800 cbm VLGC Progress from Belgium’s Transpetrol Maritime Services, according to brokers.

Both Clarksons and Seasure Shipbroking have reported that Foresight has paid in the region of $50m for the vessel, which has a market value of $49.04m on VesselsValue.

The sale leaves TransPetrol with two VLGCs in its fleet of nine vessels.

For Foresight the Progress will join the company’s other VLGCs, the 2008-built 83,800 cbm Sarv Shakti and 2008-built 80,186 cbm Surya Veerya. The Sarv Shakti (formerly Providence) was acquired earlier this year from Norway’s Avance Gas.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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