Robert Kuok-controlled Pacific Carriers (PCL) has added its second ship of the year in a business diversification drive.
Sources tell Splash that the privately held Southeast Asian player has bought the Greek owned 50,000 dwt sized tanker Fidias for just under $17m. The ship was sold by Ionia Management, which has a handful of elderly tankers under its control. The sale marks Ionia’s end to its exposure in the MR sector.
PCL, best known as a dry bulk operator, has not bought any bulkers for the past two years, focusing instead on the MR sector. In September PCL added the slightly younger tanker Box, now renamed Plover Pacific from Alma Maritime for $20m.