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LNG tanker sold by financially stressed Varun Shipping
The shipping company Mercator Ltd. has entered the liquefied petroleum gas transportation market by acquiring the "Maharshi Vishwamitra" from the financially stressed Varun Shipping Co. Ltd. Varun Shipping is planning to exit the very-large gas carrier segment. The crew of Varun ships has not been paid wages for about four months. The Directorate General of Shipping has not withdrawn Varun’s licence to operate ships.
sold
sold to Clients of Mercator
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