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ONEX takes Great White aframax for $13m

Photo of Sam Chambers Sam ChambersAugust 23, 2016
34 Less than a minute

A 1999-built aframax belonging to Prime Marine has finally been sold after months in the shop window. The coated 104,000 dwt Great White, built at Samsung Heavy Industries, has been snapped up by ONEX from the UAE for $13m. Brokers had been touting the ship as a good candidate for conversion.

Dubai-based ONEX specializes in trade, transportation and storage of crude oil and petroleum products such as fuel oil, naphtha and condensate. Its fleet is a mix of suexmaxes, aframaxes, handymaxes and MR product carriers.

Earlier this year, Indonesian line Soechi narrowly failed to buy the Great White.

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Photo of Sam Chambers Sam ChambersAugust 23, 2016
34 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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