Andromeda Shipping picks up Great Eastern suezmax tanker

Greek tanker owner International Andromeda Shipping has acquired 2000-built suezmax tanker Jag Laadki, according to brokers.

Seasure Shipbroking and Advanced Shipping & Trading report that Andromeda has paid $13.2m to India’s Great Eastern Shipping for the NKK-built vessel. VesselsValue puts a value of just $9.7m on the vessel, the equivalent of its scrap value, while MSI values the ship at $13.6m.

Monaco-headquartered Andromeda currently has five tankers in its fleet, one of which is 1999-built suezmax tanker White Trader, built at the same yard as the Jag Laadki.

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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