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StealthGas triggers the arrest

StealthGas triggers the arrest
LPG tanker specialist StealthGas has triggered the arrest of tankers belonging to Italian operator Societa Cooperativa di Navigazione G. Giulietti.

LPG tanker specialist StealthGas has triggered the arrest of tankers belonging to Italian operator Societa Cooperativa di Navigazione G. Giulietti.

LPG tanker specialist StealthGas has triggered the arrest of tankers belonging to Italian operator Societa Cooperativa di Navigazione G. Giulietti.

G. Giulietti, which has two LPG carriers and one chemical tanker in its fleet according to its website, is being accused of defaulting on the bareboat charter of StealthGas' 1991-built 3,590 dwt / 3,400 m³ LPG tanker Gas Ice.

Nasdaq-listed StealthGas is suing G. Giulietti for $8.7 million to recover lost hire earnings after the Genoa-based operator allegedly ?improperly terminated? the charter and returned the Gas Ice earlier this year although the charter was to have run till April 2011.

?The company has already had ships owned or controlled by G Giulietti arrested as a means of securing monies owned,? StealthGas said in an announcement.

According to the G. Giulietti website, it has three vessels in its fleet ? the 4,956 m³ chemical tanker Messana, the 2,992 m³ LPG tanker Azzurra and the 2,966 m³ LPG tanker Fiemme.

www.TurkishMaritime.com.tr

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