AsiaTankers

Great Eastern offloads aframax for $13.5m

Photo of Sam Chambers Sam ChambersApril 25, 2016
2 Less than a minute

India’s Great Eastern has sold the aframax tanker Jag Laxmi to Soechi for $13.5m.

A month ago, a similarly aged and sized tanker fetched $2.1m more. The 17-year-old ship is one of very few tanker sales in the current market.

Broker Clarkson Platou reported that “owners are still reluctant to lower their asking price, driven by the relatively strong freight market, resulting in few transactions materialising”.

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Photo of Sam Chambers Sam ChambersApril 25, 2016
2 Less than a minute
Photo of Sam Chambers

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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