Jan 06, Colombo: Laugfs Maritime Services, fully owned subsidiary and the maritime arm of Sri Lanka's Laugfs Gas has purchased another Liquefied Petroleum Gas (LPG) carrier vessel for US$ 2.875 million.
The vessel renamed "Gas Courage" under the Sri Lankan flag is the third vessel of Laugfs Maritime Services.
The company said in a stock exchange filing Laughs Maritime Services is operating as a project approved by the Board of Investments of Sri Lanka to carry out a sea cargo operation services.
Laugfs Maritime Services purchased its second Liquid Petroleum gas carrier vessel "Gas Dorado" with a total investment of US$ 6.0 million in October 2015.
Its maiden acquisition of LPG ship MT "Gas Challenger" was made in 2014 marking its entry into maritime business.