Alba Tankers snaps up Norstar product tanker

Sweden’s Alba Tankers has added to its fleet with the acquisition of a product tanker from Singapore’s Norstar Shipping, Splash understands.

Brokers are reporting that Alba has paid $7.9m for 2008-built 11,500 dwt oil/chemical tanker Norstar Biscay. The price is in excess of the $6.56m value placed on the ship by VesselsValue, however the tanker has just completed a special survey and has a ballast water treatment system fitted.

The acquisition takes Alba’s owned fleet to eight tankers according to VesselsValue, while Alba’s website shows it currently operates a fleet of 16 vessels excluding this latest acquisition.

Norstar acquired Norstar Biscay in 2014 for around $10m.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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