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Colonial Navigation lets go of one of its older tankers

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.

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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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