Centrofin and Eastern Pacific take Formosa LR1 tankers

Centrofin and Eastern Pacific take Formosa LR1 tankers

Less than a month after putting them on the market, Taiwan’s Formosa Plastics has sold 2009 South Korean-built LR1 tankers FPMC P Fortune and FPMC P Eagle.

Both Seasure Shipbroking and Advance Shipping & Trading are reporting that Greece’s Centrofin has paid $16.1m for the FPMC P Fortune, while Idan Ofer’s Eastern Pacific Shipping has bought the FPMC P Eagle for the same price.

VesselsValue puts the fair market value of the ships at a little over $19m, however the lower price reflects an imminent survey required.

Centrofin’s acquisition follows a deal it did with Formosa in November last year for sister vessel FPMC P Glory, paying $15.1m for the vessel according to VesselsValue.

Formosa currently has a fleet of 55 vessels, with six MR2 tankers set to deliver from CSSC in the next year.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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