Oslo-listed BW Gas has secured a three-year time charter with MGI of Mexico for one of its very large gas carriers (VLGCs).

Sources say the 84,000-cbm BW Borg (built 2001) has been fixed at $40,000 per day, or $1.2m per month, with delivery in the Atlantic in September.

The deal means increased revenue for the owner as the ship is coming off a three-year storage contract with Petrobras at $830,000 per month.

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