Hermes fashions $38.7m VLCC deal with Phoenix Tankers

Hermes fashions $38.7m VLCC deal with Phoenix Tankers

Ghandour Ghassan’s Hermes Marine Management has doubled its fleet with the acquisition of a secondhand VLCC, according to brokers.

Seasure Shipbroking and Advanced Shipping & Trading are both reporting that the Athens-based outfit has acquired 2007-built VLCC Phoenix Vanguard from MOL’s Pheonix Tankers for $38.7m. VesselsValue puts the market value on the tanker lower at $37.8m.

Ghassan knows the tanker well as he sold the Daewoo-built VLCC as a resale to MOL in 2007.

If the deal goes through, it doubles the fleet of Hermes which currently has a single VLCC on the water, the 2011-built Chloe V which was also built at DSME. It also has four kamsarmaxes on order at China’s Cosco Shipping Heavy Industries, the first of which is set to deliver at the end of the year.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts