Then in the third quarter of September 21 we took delivery of the third newbuilding the Gas Myth which we deployed on a three year time charter to a European oil company. We wish to maintain a strong focus on the operational chart and that is the reason behind the sale of these four older ships. We believe that as we remove older vessel from the fleet and replace them with brand new larger, more efficient and high specification ships the overall performance of the company will improve.We have already seen a healthy interest from charters for using newbuilding vessels and as a result we manage to conclude long term charters for all three of them.
StealthGas' CEO Discusses Q3 2011 Results - Earnings Call Transcript
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