Norwegian Partners Buy Six Soviet-Owned Carriers For Over $100 Million

In a deal worth more than $100 million, a Norwegian partnership consisting of bulk and gas carrier specialist Havtor A/S and Oslobased shipbroker Steensland, has bought six Soviet-owned gas carriers.

Previously operated by the Latvian Shipping Company under the Cyprus flag, the 12,000-cubic-meter vessels will now be transferred to the Norwegian International Ship Register (NIS). The vessels will be manned by Norwegian officers, but under an agreement with Latvian Shipping they will continue to employ Soviet ratings.

Havtor will be responsible for the technical and commercial management of five of the ships, while Steensland will manage the sixth vessel.

The six gas carriers, which can handle cargoes down to a temperature of -48 degrees C, were the first series of six ships built by Germany's Papenburg yard for Latvian Shipping in the mid-1970s.

Other stories from March 1991 issue


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