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Coco Vroon puts car carrier division and three more product tankers up for sale

Coco Vroon puts car carrier division and three more product tankers up for sale

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As it fights for a firmer financial footing Vroon is looking to sell more product carriers as well as its entire car carrier division.

The Dutch shipowner was forced last week to issue a statement, allaying fears about its future. Vroon said it is on track to conclude agreements with its banks in the coming months.

Speaking with local newspaper Het Financieele Dagblad Coco Vroon, the boss of the diverse shipping line, said he was lining up three more product tankers to be sold. Vroon sold a pair of product tankers to Union Maritime earlier this year. Vroon also revealed he was putting his car carrier division – made up of six ships – up for sale.

“It will not be easy to get rid of the car carrier division. The market is not fantastic,” he conceded in a frank interview with the Dutch newspaper.

Vroon also revealed that his company currently has 30 OSVs laid up.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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