Altomare snaps up VLCC from NYK

Altomare snaps up VLCC from NYK

Greece’s Altomare has acquired 2005-built 310,300 dwt Imabari VLCC Toyo, according to broking sources.

Altomare has taken the Toyo from Japan’s NYK according to both Seasure Shipbroking and Advanced Shipping & Trading, however Seasure reports the deal at $28m while Advanced says the deal was done at $29.5m. VesselsValue places a market value of $30.4m on the tanker, which has a survey due in January.

Altomare currently has a fleet of six tankers, three of which are VLCCs.

The incoming Toyo will be the youngest of the company’s VLCC fleet, which currently consists of the 2000-built Kelly and Marbella as well as the 2002-built Rene.

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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