Vietnam’s Truong Phat Loc (TPL) has sold a pair of VLGCs at a sizeable loss as it joined a string of shipowners offloading LPG carrier tonnage built in the 1980s and 1990s.
European brokerage sources said the shipowner received less than half of what it paid for the 78,400-cbm VLGC Everrich 10 (built 1995) in 2015.
Shipbrokers in Europe said undisclosed Asian buyers paid $16m for the ship, which was built at Mitsubishi Heavy Industries.
