Metrostar Management Corp has a deal on subjects to buy a panamax bulker and an aframax tanker from Netherlands-based Seaarland Shipping Management.
The bulk carrier Tiare (83,700 dwt, built 2009) has been priced at $17.5m and the tanker Elia (115,400 dwt, built 2006) at $35m, brokers say.
If the deal goes through, the two Japanese-built ships will become the first Metrostar-owned vessels on the water since June 2014.
Earlier this year, the Greek company sold four VLCC newbuildings under construction at Hyundai Heavy Industries to Euronav for $96m per vessel or $384m in total. Metrostar still has four VLCCs being built at the South Korean shipyard.
Seaarland’s fleet now stands at two post-panamax bulkers and eight product tankers of between 113,000 dwt and 34,500 dwt.
In July 2011, Seaarland’s affiliate Marco Polo Seatrade BV filed a voluntary petition for reorganisation under Chapter 11 in the US Bankruptcy Court for the District of New York.
By mid-August that year, the bankruptcy request was withdrawn after Marco Polo reached an agreement with its creditors Credit Agricole and Royal Bank of Scotland.