Sanmar revealed as buyer of Ardmore product tanker

Sanmar revealed as buyer of Ardmore product tanker

Indian tanker player Sanmar Shipping is listed by brokers as the taker of the 2002-built, 47,000 dwt Ardmore Seatrader for $8.2m, a ship first reported sold last month.

The same ship was sold in 2017 to Japanese interests in a sale and leaseback deal by US listed Ardmore.

Last month Sanmar also bought the 3,400 dwt Toli tanker for $5m.

Sanmar started out as a bulker player in 1995. The company subsequently diversified into the the tanker segment in 1996. It has since restructured its portfolio and consolidated its position as a strong player in clean petroleum products. The company operates a fleet of eight ships today, comprising tankers and one LPG carrier.

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.

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