Dynacom Tankers snaps up VLCC from K Line

Dynacom Tankers snaps up VLCC from K Line

Greek owner Dynacom Tankers has acquired 2004-built VLCC  Fujikawa from Japanese owner K Line.

According to a report by Clarkson, the Japanese-built tanker attracted a healthy level of interest with around eight parties inspecting and four parties submitting offers for the vessel. It was eventually sold for $27.2m to Greek buyer, with VesselsValue identifying Dynacom Tankers as the buyer.

Only last month, K Line sold sister vessel, VLCC Isuzugawa, also built in 2014, to Greek owner Eastern Mediterrane for $25.5m.

“It is noticeable that secondhand values have reacted quickly to improved VLCC freight markets in the last month,” the Clarkson report noted.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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