Aurora Adds Two VLGCs, Expects Third Soon
- Business & Finance
Norway-based liquid petroleum gas transporter Aurora LPG Holding ASA has taken delivery of two very large gas carriers (VLGCs) Aurora Balder and Aurora Njord, according to a stock filing.
Featuring a capacity of 84,000 cbm, the new vessels were built and delivered by the South Korean shipbuilder Hyundai Heavy Industries (HHI).
Furthermore, the company expects the third newbuilding VLGC Aurora Var to join its fleet on March 31.
Aurora LPG has three more 84,000 cbm newbuilds scheduled for delivery from the same shipyard during 2016.
The company, which owns and operates a fleet of gas carriers, secured a USD 200 million loan in January to support its newbuilding program at HHI.
With the two deliveries, Aurora LPG now has a fleet of five vessels, three of which are 82,000 cbm VLGCs delivered in 2008 and 2009.
Over the past year, Singapore’s owner and operator of very large gas carriers BW LPG Limited bought 15% of Aurora’s outstanding shares.
BW LPG now holds a total of 4.4 million shares in Aurora LPG.
World Maritime News Staff