AsiaTankers

Sinokor acquires VLCC from JX Ocean

Photo of Jason Jiang Jason JiangAugust 31, 2017
191 Less than a minute

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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Photo of Jason Jiang Jason JiangAugust 31, 2017
191 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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