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Subsequent Events
9 Months Ended
Dec. 31, 2020
Subsequent Events.  
Subsequent Events

14. Subsequent Events

In January 2021, subsequent to the delivery of one of the Company’s VLGCs on time charter, a dispute arose relating to the vessel’s readiness to lift a cargo scheduled by the charterer. The facts of the claim are currently in dispute. The Company cannot provide a reasonable estimate of the outcome at this time.  

On February 2, 2021, we announced that we will commence a tender offer to purchase up to 7.4 million shares, or about 14.8%, of our outstanding common stock using funds available from cash and cash equivalents on hand at a price of $13.50 per share.