Vessels Under Construction

3 Months Ended

Jun. 30, 2021

Vessels Under Construction.

Vessels Under Construction

7. Vessel Under Construction

As further described in Note 15, we have entered into a thirteen-year bareboat charter agreement for a newbuilding dual-fuel VLGC that is expected to be delivered from Kawasaki Heavy Industries in March 2023. The analysis and movement of vessels under construction is presented in the table below:

Balance, April 1, 2021	$	—
Installment payments		8,000,000
Other capitalized expenditures		57,066
Balance, June 30, 2021	$	8,057,066