AmericasTankers

Ridgebury in significant fleet sell-off

Connecticut-based Ridgebury Tankers is the most notable tanker player in the S&P markets this summer.

The outfit is reportedly bringing in more than $100m, money that will be used to renew its ageing fleet. Seven sales have been reported this far, the latest being the 2013-built Samsung-built suezmax Ridgebury Lessley B, sold for some $45m to Greek owner Thenamaris.

Multiple sources also report the sale of three 50,000 dwt product tankers built in 2009, all sold for $22m each. The ships are named Ridgebury Alexandra Z, Ridgebury Cindy M, and Ridgebury Rosemary. An unidentified Turkish buyer is tied to the trio.

Bob Burke-led Ridgebury is also reported selling three other suezmaxes, two of these built at Universal in Japan. Brokers disagree who took the 2006-built- 146,500-dwt Ridgebury Mary Selena as it was reported sold to both Westport Tankers and Avin of Greece. In addition, the one year younger Ridgebury Lindy B is reported to have been sold to Stealth Maritime. A fourth suezmax has been sold privately, the 20-year-old, NKK-built Ridgebury Astari, renamed Astari 1. This ship is now in Dubai-based S21 Ship Management’s fleet.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
Back to top button