Indian newcomer Gatik Ship Management’s fleet is making headlines, adding its first VLCC and attempting its first asset play.
This week sources tell Splash that $66m has been put on the table for the Shanghai Waigaoqiao-built, 318,000 dwt Poros, a ship sold by Epaminondas Embiricos’ Aeolos Management. Embiricos added the ship two years ago for $29.6m from the fallen Xihe Group.
, a ship sold by Epaminondas Embiricos’ Aeolos Management. Embiricos added the ship two years ago for $29.6m from the fallen Xihe Group.Gatik is also reported offloading a 105,000 dwt aframax, the 2005-built Marathon for $32m, a ship it bought in October from Greek owner Thenamaris for $27m.
Fleet register Equasis shows several registrations by the Indian player in January, including a 19-year-old aframax from Stalwart Management, named S-Trooper, as well as a 2010-built aframax called Attica, a tanker noted sold for by a string of brokers for around $40m from Thanasis Martinos-led Eastmed.
VesselsValue notes that Mumbai-based Gatik’s fleet now is worth some $974.8m, counting one VLCC, 17 aframaxes, four suezmaxes, eight handysize tankers and a post-panamax tanker, with an average age of 17 years.
Since June last year when Gatik entered the shipowning business it has bought 25 ships, and is one of a host of new names shuttling oil from Russia to India.
