Restis pockets tidy profit from sale of suezmax to Vitol

Restis pockets tidy profit from sale of suezmax to Vitol

Restis family company Golden Energy Management has sold 2018-built suezmax tanker Energy Trophy to energy and commodity trader Vitol for $62.5m, according to several weekly broker reports.

Golden Energy paid $56m for the vessel, built at Hyundai Samho and delivered in April 2018, and is said to have sold the vessel with a charter attached.

The sale price is in line with the $62.65m valuation given by VesselsValue, although substantial higher than the MSI valuation of $59m.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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