Estoril Navigation snaps up MOL LR1 tanker

Greek tanker owner Estoril Navigation has acquired 2007-built Japanese LR1 tanker Breezy Victoria, according to brokers.

Seasure Shipbroking and Advanced Shipping & Trading are both reporting that Estorial has paid around $13.5m for the vessel, owned by Japan’s Mitsui OSK Lines (MOL). The price is significantly higher than the $11.1m market value placed on the ship by VesselsValue.

Estoril Navigation currently has four aframax tankers in its fleet, although it has owned an LR1 previously, the 1987-built Gammatank which it sold in 2012 to Perenco.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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