Chinese trader Jovo has been named as the buyer of a 15-year-old steam turbine LNG carrier that has been sold by Japan's Mitsui OSK Lines.
Industry players said Jovo, which recently announced its intention to move forward with a long-planned initial public offering, is paying around $37m for the 138,000-cbm LNG Pioneer (built 2005).
The company is expected to use the vessel to grow its trading operations.
