Qatari gas carrier Nakilat has bought out partner International Seaways' 49.9% stake in an LNG joint venture for $123m in cash.
The joint venture owns four 216,200-cbm Q-Flex LNG carriers: Al Hamla, Al Gharrafa (both built 2008), Al Gattara and Tembek (both built 2007).
The vessels' combined book value was $116m as of 30 June, according to International Seaways' (INSW) second-quarter results this year.
