Ridgebury Tankers splashes $82m on four suezmaxes from Koenig Cie

Ridgebury Tankers splashes $82m on four suezmaxes from Koenig Cie

Bob Burke-led Ridgebury Tankers is expanding its suezmax fleet with the acquisition of four 2005-built 159,000 dwt tankers from German owner Koenig Cie.

Shipbroking sources report the company has acquired Cape Brindisi, Cape Bari, Cape Bastia and Cape Bonny for an enbloc price of $82m. VesselsValue valued the vessels at around $19-20m each.

The acquisition will increase the company’s owned fleet to 27 vessels made up of 12 suezmaxes, six VLCCs and nine handy tankers.

Earlier this month, Ridgebury pocketed $29m from the sale of 2002-built VLCC Ridgebury Eagle to Malaysian FPSO specialist Yinson Holdings.

Following the sale, Koenig Cie’s fleet will be downsized to four vessels made up of one bulker, one containership and two tankers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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