Eurotankers nails decent price for Japanese aframax

Eurotankers nails decent price for Japanese aframax

Busy Eurotankers has concluded its long search for an aframax. The Greek owner came close a year ago to taking one from India’s Varun but the deal fell through on subs. It contented itself however with a smattering of other tanker buys last year including a VLCC, a pair of suezmaxes and a product tanker.

Splash understands it has now moved to take on the 2002-built, Japanese built Shin Ei from Japan’s JX Ocean.

Brokers tell Splash Eurotankers is paying $10.8m for the 106,400 dwt vessel, which seems like a good deal when compared to the most recent other aframax buy reported by Splash. Last week Winson Oil paid $11.5m for the 2001-built Eagle Stealth. Similarly, last month the 2000-built Aegean Pride aframax fetched $10.9m.

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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