Canada’s Coastal Shipping, a small Canadian tanker owner, has bought its first ships for many years. Broker sources tell Splash Coastal has added two 20,000 dwt coated product carriers, ICDAS-09 and sister vessel ICDAS-11, from Turkish owner Icdas Celik Enerji Tersan.
Coastal Shipping is reportedly paying $14.5m each for the two ships.
The deal is a significant upgrade for Coastal Shipping who has four slightly smaller tankers that need to be replaced soon as the fleet average age is 25 years old.
The primary mission of the outfit is to provide fuel supply services to Canadian Arctic and Labrador coastal ports.
