Oslo-listed Skaugen says the 10,200-cbm Norgas Napa (built 2003) has been sold to Teekay LNG Partners for $27m.
The Norwegian owner has taken the ship back on a five-year bareboat contract involving a profit share clause.
Bente Flo, chief financial officer of Skaugen, tells TradeWinds the $21.6m in cash from the deal will help repay mortgage debt on the ship.
