Vessel Under Construction

3 Months Ended

Jun. 30, 2024

Vessel Under Construction:

Vessel Under Construction

6. Vessel Under Construction

On November 24, 2023 we entered into an agreement for a newbuilding VLGC/AC with a cargo carrying capacity of 93,000 cbm that can transport LPG or ammonia, which is expected to be delivered from Hanwha Ocean Co. Ltd. in the second calendar quarter of 2026. The analysis and movement of vessel under construction is presented in the table below:

	Net book Value
Balance, April 1, 2024	$	23,829,678
Other capitalized expenditures		759,977
Balance, June 30, 2024	$	24,589,655