Turkish chemical tanker player Beykim Petrolculuk is taking advantage of the record low prices in the secondhand market and has been shopping for its first vessel in a year.
“They are always looking for more ships,” says one source close to the company.
The Istanbul-headquartered chemical specialist has once again reached out to its friend up north picking up the 6,239 dwt chemical tanker Sichem Houston built in 1995 from Oslo-listed Team Tankers, says sources.
This is not the first time the company has bought ships from the Scandinavian outfit. Over the last couple of years, when Team Tankers was Eitzen Chemicals, Beykim purchased the 5,400 dwt Torquato, now Narlica. It also took another ship, the slightly bigger 7,100 dwt Sichem Casablanc, now Duruca.
If finalized, the latest ship brings the purchase to three from the same mother company.
The Turkish low key player was established in 1985 by Selahattin Beyli and is run by his family members. The company started purchasing chemical ships some five years back. The outfit has also been involved in dry cargo as well as tankers, but for the time being the focus is on chemical tankers.