Olympic Shipping offloads VLCC

Onassis Foundation-controlled Greek owner Olympic Shipping has sold a 17-year-old VLCC to Asian buyers.

Multiple shipbroking houses including Advanced Shipping & Trading, Seasure Shipbroking reported that Olympic Shipping sold its 2003-built 305,000 dwt VLCC Olympic Liberty to an Asian buyer for around $26m, higher than VesselsValue‘s valuation of $24.8m.

Allied Shipbroking identified the buyer as Thai owner Nathalin, the parent group of tanker operator Prima Marine.

Should the sale be confirmed, Olympic Shipping will have a reduced fleet of 30 vessels made up of 10 bulkers and 20 tankers according to VesselsValue.

Nathalin’s Prima Marine currently owns a fleet of 29 tankers with another three on order.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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