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Sinokor acquires VLCC from JX Ocean

Sinokor acquires VLCC from JX Ocean

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South Korean owner Sinokor Merchant Marine has acquired 298,400dwt VLCC Nichinori from Japan’s JX Ocean according to VesselsValue.

The portal reveals that Sinokor Merchant Marine has paid $21m for the 2002-built vessel, substantially less than the $30m the company paid to Greece’s Enesel for 2004-built VLCC Irene SL in May.

Sinokor currently operates a fleet of 161 vessels including 76 tankers.

JX Ocean is also consolidating its fleet, having sold three 2002-built vessels including two tankers and one bulker this year.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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