Vessel Under Construction

12 Months Ended

Mar. 31, 2022

Vessel Under Construction.

Vessel Under Construction

6. Vessel Under Construction

As further described in Note 19, 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		109,488
Capitalized interest		292,044
Balance, March 31, 2022	$	16,401,532