A quarter of Xihe Group’s VLCC arm has been sold with news of a third VLCC sale this year. Multiple brokers report that creditors of the Singapore firm have sold the nine-year-old 318,400 dwt for $41.5m. Andreas Hadjiyiannis’s Cyprus Maritime has been tied to the deal. Two similar aged Shanghai Waigaoqiao Shipbuilding built giants were …
Hunter Group has confirmed earlier broker reports that it has sold two VLCCs – the Hunter Saga and Hunter Laga for an en bloc price of $168.4m. Splash reported earlier that UAE-based Adnoc Logistics and Services, the shipping unit of Abu Dhabi National Oil Company, had acquired the two ships, marking its entry into the …
Onassis Foundation-controlled Greek owner Olympic Shipping has sold a 17-year-old VLCC to Asian buyers. Multiple shipbroking houses including Advanced Shipping & Trading, Seasure Shipbroking reported that Olympic Shipping sold its 2003-built 305,000 dwt VLCC to an Asian buyer for around $26m, higher than VesselsValue‘s valuation of $24.8m. Allied Shipbroking identified the buyer as Thai owner …
HMM, South Korea’s flagship line, has returned to compatriot yard Hyundai Heavy Industries for a series of VLCC orders. Allied Shipbroking is reporting HMM has contracted for three 300,000 dwt VLCCs at $89.5m a piece for delivery in 2023. The ships come with a time charter attached to local energy firm, GS Caltex. Although best …
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DS Tankers has sold its 1999-built VLCC to Winson Oil for $16.5m. Clarkson Research notes in its most recent weekly report that the sale is illustrative of softening prices for vintage VLCCs. “Whilst it is important to consider that the vessel will be delivered to the new buyers with its dry docking due imminently, the …
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Tanker shipping company Euronav NV announced it has signed a new $410 million senior secured amortizing revolving credit facility.
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Norway’s Hunter Group has sold its entire fleet of four very large crude carriers (VLCCs) for $383m. The Oslo-listed firm said in a filing on Friday that its subsidiary Hunter Tankers had struck a deal to sell the 2020-built Hunter Disen and Hunter Frigg for $96m each, while Hunter Freya and Hunter Idun each fetched …
Cosco Shipping Energy Transportation (CSET), the energy shipping unit of China Cosco Shipping Corporation, has announced the launch of a VLCC pool yesterday, the first of its kind in China. Cosco has set up a dedicated VLCC department to better manage its VLCC fleet and the pool. The company expects the pool to help the …
Diamantis Diamantides’ Delta Tankers has moved to grow its fleet according to brokers, with the acquisition of a VLCC worth $71m-$72m. Both Advanced Shipping & Trading and Seasure Shipbroking are reporting that Delta has acquired the 2018-built (Hanjin Subic) VLCC . The vessel, worth $72.9m according to VesselsValue, was sold by private equity fund Transportation …
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