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Vessel Held For Sale
3 Months Ended
Jun. 30, 2021
Vessel Held For Sale  
Vessel Held For Sale

5. Vessel Held For Sale

During the three months ended June 30, 2021, we entered into a memorandum of agreement to sell our 2006-built VLGC Captain Markos NL and this vessel was classified as available for sale. We expect to complete a sale of the vessel during the 12 months following June 30, 2021. No gain or loss has been recorded as of June 30, 2021 and we have suspended the recognition of depreciation of the vessel. The carrying value of the vessel totaled $39.0 million, which we reclassified to current assets on our unaudited interim condensed consolidated balance sheets as of June 30, 2021.