Avin International replaces ageing product tanker with Asahi acquisition

Greek owner Avin International has replaced an ageing product tanker with a much newer version, according to brokers.

Avin has acquired the 2008-built MR2 Ariake Maru from Japan’s Asahi Tanker according to brokers, forking out $13.6m in the process. Online portal VesselsValue, which puts the vessel’s value at around $14.07m, shows that Avin has offloaded a much older product tanker in the last few weeks with the sale of 1999-built Vera Cruz for $6.2m to Middle Eastern interests.

Avin currently has a fleet of 36 vessels, made up of two panamax bulkers and 34 tankers of various sizes.

For Asahi, the sale is the second this year having also offloaded 2003-built small chemical tanker Sunny Poseidon to Indonesian buyers.

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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