Estoril Navigation sells its oldest ship

Greek tanker outfit Estoril Navigation led by Alex Karidopoulos has sold its oldest ship.

The 19-year-old aframax, Blue Power, has now been renamed ARC 1, sold for close to $14m to Vietnamese interests.

The sale leaves Estoril Navigation with three 2009 and one 2003-built aframaxes.

Estoril Navigation was established in 1993 as a continuation of Empire Marine Transport which was founded 10 years earlier.

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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