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Marshal Shipping linked to third ADS VLCC buy

United Arab Emirates-based Marshal Shipping has been named by brokers as the buyer of ADS Crude Carriers’ last VLCC, the 2002-built VLCC ADS Page.

Oslo-listed ADS announced the sale of the vessel last week for $25.5m, the same price as it sold another 2002-built VLCC, ADS Serenade, to Marshal Shipping earlier this month.

The Japanese-built vessel is scheduled for delivery to its new owners in November.

Marshal entered the VLCC sector in September, when it took delivery of another ADS VLCC, the ADS Stratus which has since been renamed Calliope.

VesselsValue currently lists Marshal with ten vessels including the Calliope. It also has five aframaxes, one handy tanker, a suezemax, a supramax bulk carrier and a container ship.

Meanwhile, ADS has now sold off its entire fleet of three VLCCs to Marshal.

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.
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