Navigator Aries enters into a time charter with Pertamina
Tuesday, May 10 2016 - 03:57 AM WIB
Navigator Holdings Ltd said that its tanker called Navigator Aries had on March 22 entered into a two-year time charter with Indonesia?s state-owned oil and gas firm PT Pertamina.
The company did not provide further details.
The company said in a quarterly report seen Monday that on January 27, 2016, Navigator Aries left Keppel Shipyard in Singapore following the completion of repairs required as a result of the collision that it was involved in near Surabaya, Indonesia in June 2015.
?A total of US$4.7 million of repair costs had been reimbursed to us by our hull & machinery insurance as of March 31, 2016, with a remaining $5.7 million expected to be reimbursed to us, subject to a $0.1 million deductible,? the company said.
Navigator Aries carrying LPG owned by Pertamina collided last year with a container ship called Leo Perdana off coastal city of East Java.
The LPG tanker Navigator Aries (IMO: 9403762) has overall length of 160.00 m, moulded beam of 26.00 m and maximum draft of 8.00 m. The deadweight of the vessel is 23,333 DWT and the gross tonnage is 18,311 GRT. The cargo ship was built in 2008 by Hyundai Mipo Dockyard in Ulsan, South Korea. The LPG tanker Navigator Aries is operating under the flag of Liberia and managed by UK company Navigator Gas.
Editing by Reiner Simanjuntak