Olympic Shipping acquires newbuild suezmaxes from Arcadia

Olympic Shipping acquires newbuild suezmaxes from Arcadia

Greek owner Olympic Shipping and Management has acquired two newbuild suezmax tankers from compatriot Arcadia Shipmanagement.

According to broker sources, the two 159,000dwt tankers, Aegean Miracle and Aegean Fighter, were sold for $112m in total.

The vessels are currently under construction at South Korea’s Hyundai Heavy Industry, with delivery scheduled in June 2017.

In February, Olympic Shipping and Management acquired two newbuild VLCCs from Metrostar Management en bloc at a price of $81m each.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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