(Apr 2 2009) LPG carrier and tanker owner StealthGas has threatened legal action in reaction to the termination of a charter for one of its LPG vessels, according to press reports.
StealthGas alleged that its bareboat charter of ‘Gas Ice’ to Societa Cooperative di Navigazione G Giulietti had been ‘improperly terminated’.
The company reportedly said that it was ‘exploring all legal means at its disposal with respect to G Giulietti and has already had ships owned or controlled by G Giulietti arrested as a means of securing monies owed to the company as a consequence of the improper termination of the charter’.
StealthGas also disclosed in a press release that it will delay five newbuildings until after 2010. It said delays had been secured through ‘amicable negotiations’ and ‘at no cost’ to the company.
Source: Tanker Operator
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