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Varun Shipping in for 15-year-old BW VLGC
Despite being unable to pay crew on at least one of his ships, Yudhi Khatau, boss of India’s Varun Shipping, is being linked with a ship purchase. Brokers tell Splash Varun has come in for BW Gas’s 15-year-old, Kawasaki Heavy-built BW Borg. The 84,333 cu m VLGC has been sold for $40.5m in a deal that includes a two-year time charter back. BW Gas is in the midst of a significant fleet rejuvenation. http://splash247.com/varun-shipping-15-year-old-bw-vlgc/
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