As I have said in the past, we used to keep the average rate of our fleet low and get rid of the older ships that operate in the spot markets, so that we improve our contract coverage and operational efficiencies and that is the reason behind the sale of the five older ships.As far as our new building program is concerned we have one more vessel to take delivery off. The vessel is being built in Japan and has already been launched in the water and delivery to us is scheduled for May.
StealthGas' CEO Discusses Q4 2011 Results - Earnings Call Transcript
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