BP sells its last VLGC to Naftomar

BP sells its last VLGC to Naftomar

BP’s fleet clear out continues at speed, with Splash understanding the oil major has found a buyer for its last VLGC.

A fortnight ago BP Shipping sold the 12-year-old British Courage for $38m. Brokers tell Splash that the company has now sold the 83,000 cu m sister ship, British Commerce to Greece-based Lebanese gas ship owner Naftomar

Nafomar, which was also linked with the British Courage, is a pure LPG player with its origins in Beirut. The company pioneered imports into Pakistan and Syria, and were one for the first behind LPG imports into China.

BP Shipping has been having a sizeable fleet clear out of older tonnage in the past year.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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