Primorsk fleet sale approved

Primorsk fleet sale approved

A bankruptcy judge in New York yesterday approved the $215m sale of Primorsk International Shipping fleet of nine ice class tankers to SCF Tankers, an affiliate of Russia’s largest shipping company, Sovcomflot.

SCF bid $215m for the fleet, beating Hafnia Tankers’ $208m bid at an auction in London.

Primorsk International Shipping filed for chapter 11 protection in January.

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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