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$35m paid for a 21-year-old VLCC

Photo of Hans Thaulow Hans ThaulowSeptember 29, 2023
2,294 Less than a minute

Adam Polemis-led New Shipping has struck a profitable VLCC deal, selling the 21-year-old 319,000 dwt Good News for $35m, a ship New Shipping bought from Euronav six years ago for $21m. 

The ship has already been delivered to its new owners, Hong Kong-based Unitop Group, and it has been renamed  Eternal Fortune. 

This is the second deal by New Shipping this year following the acquisition of a cape from GoodBulk. 

Polemis’ tanker arm now boasts five VLCCs with an average age of 17 years. The company has sold five VLCCs since 2020. 

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Photo of Hans Thaulow Hans ThaulowSeptember 29, 2023
2,294 Less than a minute
Photo of Hans Thaulow

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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