Minnesota-based Wayzata Investment Partners is behind what brokers at Cleaves Securities have coined as the deal of the week.
Brokers note that the company has offloaded all its ships to US-based shipowner International Seaways, who has tabled $238m for six 50,000 dwt SPP-built tankers built between 2014 and 2015. The ships are called Saint Albans Bay, Lafayette Bay, Harrison Bay, Excelsior Bay, Crystal Bay, and Jennings Bay.
This is the first deal in the sales and purchase market by International Seaways this year. The deal is expected as its 31 ships in the MR sector are ageing fast, averaging 14 years of age. Last year, it pruned its fleet for ships in this segment, selling three 2008-built tankers.
International Seaways’ fleet counts just over 60 ships and is valued at some $803.5m according to data from VesselsValue.
