MOL takes product tanker

In an all Japanese deal Shoei Kisen, the shipowing sister firm of Imabari Shipbuilding, has sold a nine-year-old product tanker to Mitsui OSK Lines (MOL).

MOL is paying in the high $13ms, brokers suggest, for the 47,999 dwt Seto Express. The price for the Iwagi Zosen built vessel was described by brokers as firm.

MOL has been making a number of changes to its products division this year, offloading its eldest tonnage while keeping an eye out for available secondhand Japanese tonnage.


Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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