Nicholas G Moundreas’s NGM Energy sale and purchase department is busy. Less than two weeks after taking two suezmaxes from Dr Peters Group, NGM has pocketed $3.2m in profit from the sale of the 15-year-old Vida, a ship the company acquired in October last year for $22.8m. The ship has been sold to unspecified Middle Eastern interests for a firm $26m.
, a ship the company acquired in October last year for $22.8m. The ship has been sold to unspecified Middle Eastern interests for a firm $26m.Clarkson Research noted in its most recent weekly report: “Whilst the appreciation in asset values is clear, the timing of the purchase will also have allowed the owner to enjoy the positive end to 2018. However, the pricing is still slightly firm relative to market expectations.”
NGM now has 20 tankers in its fleet.
