Ditas Shipping takes 2014-built MR for a firm $28m

Italian private equity fund Venice Shipping & Logistics has found a Turkish buyer for an MR tanker on its books.

Broking sources tell Splash Ditas Shipping has forked out just over $28m for the 2014-built High Sun, a price on a par with what Eco Tankers – the Maltese joint venture 77% controlled by Venice Shipping & Logistics and 33% by d’Amico International Shipping – paid Hyundai Vinashin for it as a newbuild five years ago. MR tankers have been among the most traded ships in the secondhand market this month.

Both Venice Shipping & Logistics and d’Amico declined to comment on the deal, which seems to be still subject to the final approvals from the respective board of directors.

For Ditas Shipping the High Sun would be the 15th tanker in its fleet. The Istanbul-based company controls 10 small tankers, one handy and three suezmaxes.

Another Italian shipping group, Navigazione Montanari, is also in the process of offloading its smallest unit in its fleet. The handysize tanker Valdaosta (26,200 dwt) is expected to be sold in the near future to Nigerian buyers for $7.2m as a spokesperson from the company confirmed to Splash today.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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