Benelux Overseas extends working lives

The Greek shipowner has achieved recent success in gaining employment for older LPG carriers surplus to requirements in other fleets The first foray into newbuildings for Benelux Overseas Inc, the Athens-based operator of a fleet of older gas carriers, has turned out to be highly profitable. In October 2007 Lauritzen Kosan bought the contracts for the three 9,000m3 ethylene carriers that Benelux Overseas had on order at STX Shipbuilding of South Korea for a reported US$46-46.5 million each a....