Economou Group tanker outfit TMS Tanker has snapped up a troubled VLCC from Lebanese shipowner Ghassan Ghandou’s Hermes Marine Management.
Broker sources tell Splash TMS Tanker is behind the company Navygold Maritime which won the winning bid for a 10-year-old VLCC recently sold at a judicial sale in Singapore.
The arrested VLCC has an interesting story making several headlines in the last six months. This 2012-built ship fetched $42.1m, a bargain price when compared to the market price of around $49m according to online portal VesselsValue. Brokers note that the ship has its special service overdue and that its scrubber is defective.
The 10-year-old Chloe V, built at Daewoo, has been with Hermes Marine for years. In July the crew of the VLCC sent out an SOS as they had not been paid. The vessel was first arrested by Koch Shipping over a commercial dispute.
Sources also tie George Economou to the sale of two resales reported sold by Athenian Seacarriers. These Hyundai Samho Heavy Industry VLCCs will hit the water shortly. The duo went for $98m each.