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Economou’s Cardiff Marine takes first suezmax of the year

Economou’s Cardiff Marine takes first suezmax of the year

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George Economou’s Cardiff Marine has been linked by brokers to its first tanker acquisition of the year. The Greek company has tapped compatriot Westgate Tankships to take on the RS Tara, a suezmax that delivered last year from China. Economou is paying $51m for the 160,036 dwt ship, brokers report.

Westgate Tankships is the tanker operating company of the Halkias family.

Cardiff Marine’s purchases this year to date have focused on dry bulk and primarily the kamsarmax sector.

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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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