Khor Al Zubair Shipping acquires suezmax from Maran Tankers

Khor Al Zubair Shipping acquires suezmax from Maran Tankers

Khor Al Zubair Shipping, the shipping unit of UAE-based oil and gas trading firm KASCO Group, has acquired the 1998-built suexmax tanker Maran Capella from Greek owner Maran Tankers.

According to shipbroking sources, Khor Al Zubair bought the 159,700 dwt South Korean-built vessel for a price of $11.5m and will use the vessel for storage purposes. MSI’s valuation of the vessel is $12.6m.

Khor Al Zubair currently operates a fleet of five tankers, four of which were acquired in the past year.

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.

Related Posts