Busy Andromeda seals suezmax deal

Busy Andromeda seals suezmax deal

Broker sources say Monaco’s Andromeda Shipping has bought the 150,900 dwt, NKK-built Sifnos for $12m from Greek owner Kyklades. The price is as expected if one looks at numbers from online portal VesselsValue.com who sets the market value at $11.40m for the ship. The eighteen-year-old tanker will be the second ship bought so far this by year by Andromeda.

Andromeda International, who is a pure tanker player owning, managing and operating tankers from 30,000 to 150,000 dwt was established in the early 1990s. Now the company has a short list of elderly tankers in its fleet.

The seller is renewing its tanker fleet and was reported snapping up two resale VLCCs at Hyundai Heavy Industries (HHI) in 2016.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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