Middle EastTankers

Fleet clear-out accelerates at Gulf Energy Maritime

United Arab Emirates-based Gulf Energy Maritime has disposed of four LR1 tankers.

The 17-ship strong tanker specialist has let go of three ten-year-old 75,000 dwt tankers, the Gulf Cobalt, Gulf Crystal and Gulf Castle for $17.8m each, and the three years older Gulf Stream for $10.4m, broking sources tell Splash.

Two different Greek buyers are reported as takers of the Korean-built tankers. Gulf Energy Maritime sold another two LR2 114,900 dwt tankers in a $64m deal in February, exiting this sector. The remaining ships are all panamax sized down to handysize tankers.

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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