Falcon swoops for Finaval MR

Greece’s Falcon Navigation is listed as the taker of the 51,000-dwt Isola Bianca (built 2008) by numerous brokers. The ship was sold by Italy’s Finaval. Brokers report the ship fetched just under $16m, in line with the $16m valuation by MSI.

Athens-based Falcon Navigation, founded and led by Archontia Gerakis, is close to celebrating 20 years in business. This latest purchase takes the number of MRs in its fleet to three. It also has interests in bulkers and LPG vessels.

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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