BP continues to phase out older vessels

BP has sold a trio of 12-year-old MR product tanker sister ships. Greece’s Unibros has been linked as the buyers of the British Unity, British Loyalty and British Liberty – all 46,803 dwt, built at Hyundai Mipo in 2004. The epoxy-coated ships are costing $12.4m each with one of them, British Liberty, marked down as on option still.

BP Shipping has pared back its fleet dramatically this year, opting to sell off many of its ships that are older than 12. At the start of this month Tsakos Energy Navigation was linked with taking a pair of BP aframaxes, while Indonesia’s Soechi Lines took two MR product tankers from the British energy giant in late September.


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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