Dutch owner Anthony Veder has acquired a resale newbuild 30,000 cum LNG carrier from China’s Ningbo Xinle Shipbuilding.

The vessel was originally ordered by Zhejiang Yuanhe Shipping in 2013 for a price of RMB650m ($93m) and named Yuan He 1 after the company secured a 15-year charter contract with PetroChina. The owner was later hit by a financial crisis and abandoned the vessel.

Anthony Veder has now taken over the ownership of the dual-fuel LNG carrier and renamed it Coral Encanto. The price of the deal was not disclosed, and the vessel has a market value of $50.3m according to VesselsValue.