New York-based Colonial Navigation has sold one of its older ships, offloading the 2004 -built 51,758 dwt Mercini Lady for $11.2m. Equasis’s fleet register reveals the new name for the chemical tanker, Kraken Rider, and that the ship is already delivered to its new owner, Hong Kong-registered Dynapex Energy.
The 17-ship strong Mario Stafilopatis-controlled tanker player Colonial Navigation has only sold one other ship in the last eight years.
Colonial Navigation prefers to order ships and has taken delivery of six new ships over the last five years , avoiding purchasing ships from the secondhand market.