Diana Shipping enters tanker sector with acquisition of Maersk aframax pair

Diana Shipping enters tanker sector with acquisition of Maersk aframax pair

Greek dry bulk operator Diana Shipping, led by Simeon Palios, is entering into the tanker trades via the acquisition of two 2011-built aframax tankers.

Mutiple shipbroking sources including Clarksons, Advanced Shipping & Trading, Seasure Shipbroking and Lion Shipbroking all reported that Diana Shipping has bought 104,000 dwt aframax tankers Maersk Jeddah and Maersk Jamnagar from Maersk Tankers.

The two vessels will be the first tankers in Diana Shipping’s fleet, which is currently comprised of 45 dry bulk vessels.

Each vessel has fetched a price of $30.3m, higher than VesselsValue‘s valuation of $26.69m.

Clarksons considered that the pricing is strong, and is reflective of the appetite for crude tonnage of 10 years and younger, a sector where there have been limited sales of late.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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