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Prisco back in buying mode two years on from chapter 11

Prisco back in buying mode two years on from chapter 11

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Primorsk International Shipping (Prisco) is back in buying mode two years after it sought chapter 11 bankruptcy protection.

Splash understands the Russian company has added its first ship since running close to ruin in 2016, scraping together $5.5m for the 20-year old, 9,000 dwt Sichem Aneline, a chemical tanker belonging to Team Tankers. The deal emerged in December but it’s only now that details from the sale have emerged giving the owner time to rename the ship Prisco Alfa. Equasis lists the ship as registered to Prisco Tankers in Nakhodka in Russia’s Far East.

The last time Prisco made the headlines was in the summer of 2016 when a bankruptcy judge in New York approved the $215m sale of the Prisco fleet of nine ice class tankers to SCF Tankers, an affiliate of Sovcomflot.

Prisco sought bankruptcy protection in January 2016. Its history dates back to 1972.

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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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