Oaktree takes Blue Lines MR pair

Oaktree takes Blue Lines MR pair

Global investment firm Oaktree Capital Management has snapped up MR product tankers, according to broker reports. Side notes in one broker report note that the sale is old, however, no name change and owner change has been registered by online shipping database Equasis.

The two similar vessels, the 51,000 dwt Batissa, built at STX in 2008 and the slightly smaller Hyundai Mipo-built Atlantic Hope fetched an en bloc price of $36.5m, a decent price if one looks at the market value for each ship separately. Both ships belonged to Blue Lines Shipping from the United Arab Emirates, according to online portal VesselsValue.com’s fleet register.

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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