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Shortly after Adam Polemis’ New Transport made $14m on a 21-year-old VLCC purchased six years in the past, the well-known Greek proprietor is again within the secondhand market, including two fashionable 10-year-old VLCCs.
Broking sources hyperlink the corporate to a take care of South Korea’s SK Transport, tabling some $132m for 2 314,000 dwt tankers, named C.Spirit and C. Challenger, each ships bought with a time constitution hooked up. The primary ship was constructed at Hyundai Heavy in Korea. This tanker is famous bought for some $67m, whereas the latter ship, a tanker in-built Dalian in China, is bought for some $65m. The ultimate value remains to be unclear as the speed is foundation a brief interval constitution that will probably be selected later. A tough estimate made by VesselsValue units the market worth for the 2 ships at $146m, if bought charter-free in the present day.
That is the third deal by New Transport this yr. New Transport began the yr with the acquisition of a cape from GoodBulk, bringing its cape arm as much as 10. Polemis has a choice for giant ships. New Transport’s fleet, which is valued at near $1bn, counts 30 ships, together with 5 aged VLCCs, averaging 17 years in age.
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