Ravi Mehrotra has raised the target for fleet expansion at his London-based Foresight Group.

The executive chairman and founder confirmed to TradeWinds that the company has bought Belgian owner TransPetrol Maritime Services’ 82,000-cbm VLGC Progress (built 2009).

Brokers put the price at $50m.

“Our team at Foresight has been making exciting progress during this year so far,” Mehrotra said.

“Not only we have bought another VLGC, Progress, but are in the process of taking delivery of another VLGC.”