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ADS Crude Carriers clears out fleet

Photo of Jason Jiang Jason JiangOctober 22, 2020
1,335 Less than a minute
ADS

Olso-listed VLCC pure-play company ADS Crude Carriers has cleared out its fleet after announcing the sale of its last vessel.

The company has announced the sale of the 2002-built VLCC ADS Page for a price of $25.5m, significantly higher than the $24.37m market value according to VesselsValue. 

The vessel will be delivered to new owners in November, and this latest follows the company selling ADS Serenade earlier this month and ADS Stratus in September.

ADS Crude Carriers was established in 2018 and is headed by OSM founder Bjørn Tore Larsen.

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Photo of Jason Jiang Jason JiangOctober 22, 2020
1,335 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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