Aeolos Management scraps tanker

The Embiricos family controlled Aeolos Management has sold a 21-year-old tanker for scrap.

Mumbai-headquartered Arya Group is paying $8.3m for Kassos, according to one broker’s report. The ship has an ldt of 16,479.

The Kassos stood out among the eight tankers in the Aelos fleet as being the only one that was not a VLCC.


Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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