BULL charges for more aframaxes

A month after announcing it was raising $84m for new ships, 20-ship strong Indonesian tanker owner Buana Lintas Lautan (BULL) shows up as the taker of two more ships, broker sources tell Splash.

Its new additions are both vintage aframaxes sold by Greek owner Anthony Comninos-led Horizon Tankers. This week the outfit is revealed as the taker of the 2004-built aframax tanker Camelia for $14.25m, a ship first reported sold to Indonesian company Soechi Lines for $250,000 more a month ago.

BULL has been busy all year, and this is the second ship it has added from Horizon Tankers. In March it added the one year older, 115,00 dwt aframax Gardenia.

Earlier this year BULL took a handymax tanker from Product Shipping & Trading (PST), paying $7.35m for the 37,300 dwt Axelotl, since renamed Petrosamudra. This acquisition was soon followed by a purchase from Danish shipowner Torm, adding the 35,000 dwt Torm Charente, a 2001-built tanker sold for $6m. This ship is now trading under the name Explorindo 1.

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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