Japan’s Diamond Tanker, part of Mitsubishi Corporation, has found a buyer for four of its aframaxes. Brokers are tipping the aggressive Idan Ofer- controlled Eastern Pacific from Singapore as the buyer of the Diamond Faith, Diamond Eternity, Diamond Destiny and Diamond Bliss for an en bloc price of $110m.
It is understood a number of parties put in bids for the four Japanese-built tankers.
In its latest weekly report Clarkson Research said of the $110m sale: “Whilst this price largely follows expectations, we at least now have some activity to validate these perceived levels (and we understand that a number of established players were competing at price levels just below). This will come as no surprise given the lack of sales candidates of this vintage in the market, and lots of traditional players are looking to invest at close to historically low price levels.”
Mitsubishi – as its famous logo illustrates – means three diamonds in Japanese. The trading house operates Diamond Tanker out of Singapore.