Vessels Under Construction

6 Months Ended

Sep. 30, 2021

Vessels Under Construction.

Vessels Under Construction

6. 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		59,748
Balance, September 30, 2021	$	8,059,748