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Nakilat lines up four VLGCs for sale

Qatari shipping company eyes possible sale of its last four LPG carriers, which are on long-term charters to China’s Oriental Energy. This will be its second disposal attempt as the prospect of further long-term charters dims

The four South Korean-built tankers are worth a total of $174.35m, according to online data provider VesselsValue. They are, however, believed to be less fuel efficient, with higher bunker consumption compared with similar vessels and it appears the days are numbered for the decade-old vessels

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