Oslo-listed Skaugen is selling the 8,500-cbm Norgas Petaluma (built 2003) with a charter back running for five years.

As TradeWinds has reported in August, Skaugen was set to offload the vessel to joint venture company Skaugen Gulf Petchem Carriers (SGPC) for $24m.

Bente Flo, chief financial officer of Skaugen, tells TradeWinds the decision has now been taken to team with Pareto and sell another vessel to the joint-venture in Norgas Petaluma's place.

Flo,