Andromeda takes South African chemical tanker for $13.5m

South Africa’s Grindrod Shipping is being linked with a chemical tanker sale. Sources tell Splash that Andromeda from Monaco has paid $13.5m for the 40,000 dwt Oliphant tanker.

Splash understands the deal comes with a deal for a two-year time charter back at $14,500 a day.

The Oliphant is 12-years-old and was built at Shina Shipbuilding in South Korea.


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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