König & Cie selling four suezmax tankers

König & Cie selling four suezmax tankers

German owner König & Cie continues to downsize its fleet, having listed four of its suezmax tankers for sale.

According to shipbroking sources, the company is inviting offers for 2005 South Korean-built suezmax tankers Cape Bari, Cape Bastia, Cape Bonny and Cape Brindisi. MSI valued the vessels at $21.5m each.

König & Cie have been cutting its fleet after completing a debt restructuring in 2013. If the sale goes through, the company’s fleet will be left with six vessels, comprised of one bulker, one containership and four tankers.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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