Following the purchase of the first ship AZALEA, the Company took delivery of the 5,000-cbm EPSOM (built 1998) from Petredec, with a bareboat charter employment attached.
The Company proceeds to its first acquisition in August 2007, purchasing the 3,500-cbm fully pressurised LPG carrier AZALEA (built 1991) in a deal that includes a three-year bareboat charter back to the seller, Daelim Shipping of South Korea.