Vessels Under Construction

9 Months Ended

Dec. 31, 2021

Vessels Under Construction.

Vessels Under Construction

7. Vessel Under Construction

As further described in Note 16, 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 vessel under construction is presented in the table below:

Balance, April 1, 2021	$	—
Installment payments		16,000,000
Other capitalized expenditures		102,904
Capitalized interest		64,566
Balance, December 31, 2021	$	16,167,470