Gestioni Armatoriali takes MR tanker from Latvian Shipping

Italian owner Gestioni Armatoriali has added one more tanker to its fleet after acquiring the 2007-built MR tanker Kandava from Latvian Shipping.

According to shipbroking sources, Gestioni Armatoriali paid $11.3m for the 37,300 dwt Hyundai Mipo-built tanker.

Gestioni Armatoriali sealed a debt restructuring plan with its banks last year which saw the company transfer all its ships – nine bulkers and three tankers- to Deutsche Bank and Attestor Capital.

The company came back to the market in November last year after the acquisition of two MR1 tankers from Latvian Shipping.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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