Aygaz is acquiring a new LPG ship for 119 million dollars.

Aygaz Signs Agreement for a New LPG Vessel

Aygaz (AYGAZ) has taken a significant step in its main business area of LPG (Liquefied Petroleum Gas) trading and transportation by signing a contract for the purchase of a VLGC-sized LPG vessel for 119 million dollars. This vessel will be acquired by a subsidiary in which Aygaz holds a 100% stake.

Details of the Vessel Purchase

According to relevant statements, it has been indicated that the majority of the cost for the 54 vessels will be paid in installments before the planned delivery in the second quarter of 2028. It has also been announced to the public that Aygaz previously signed a letter of intent with the manufacturer regarding the purchase of the vessel.

Negotiation Process and Company Interests

Aygaz stated that it decided to postpone the disclosure of details to the public following mutual agreement between the parties involved in the vessel purchase process. This postponement was carried out to ensure that negotiations progress in a healthy manner and to protect the company's interests.

As a result, it is observed that Aygaz aims to strengthen its growth strategies and further solidify its market position with this agreement. This significant investment is also expected to have a considerable impact on the company's future performance.