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König & Cie selling four suezmax tankers

Photo of Jason Jiang Jason JiangMarch 12, 2019
12 Less than a minute

German owner König & Cie continues to downsize its fleet, having listed four of its suezmax tankers for sale.

According to shipbroking sources, the company is inviting offers for 2005 South Korean-built suezmax tankers Cape Bari, Cape Bastia, Cape Bonny and Cape Brindisi. MSI valued the vessels at $21.5m each.

König & Cie have been cutting its fleet after completing a debt restructuring in 2013. If the sale goes through, the company’s fleet will be left with six vessels, comprised of one bulker, one containership and four tankers.

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Photo of Jason Jiang Jason JiangMarch 12, 2019
12 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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