Mixed fortunes for aframaxes

Mixed fortunes for aframaxes

With sentiment weakening towards aframaxes it has been a mixed bag of fortune for owners in the sector of later.

Brokers report the Varun Shipping controlled Ocean Mare has failed on subjects to Eurotankers at $27m.

However, Sinokor was able to offload the 1999-built Pacific London aframax to unspecified Indonesia buyers for $15m, a price deemed strong given the darkened mood in the sector.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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