ADS Crude Carriers down to last vessel after VLCC sale

Oslo-listed ADS Crude Carriers has entered into a memorandum of agreement to sell its 2002-built VLCC ADS Serenade.

The Japanese-built vessel was sold for a price of $25.5m and it will be delivered to the new owners before the end of October.

The company sold another VLCC ADS Stratus last month for the same price.

Following the sale, the company’s fleet is left with only one VLCC.

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

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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