Sea World Management closes in on Weco tanker

Sea World Management closes in on Weco tanker

After its last purchase of the Cielo di Salerno tanker from d’Amico International Shipping, Sea World Management promised that further investments would follow. It is not hanging around. Broker sources report that the Monaco-based shipping company seems very close to buying an MR tanker named Amalienborg from the Danish firm Dannebrog Rederi AS (Weco Group).

Brokers have conflicting reports of the price and the attached charter deal, one claiming the price would be roughly $15.7m with attached a two-year bareboat charter back to Stena Weco at a $16,000 daily rate, while another maintained it was low $15m with three years timecharter back at the same conditions.

Officials at Sea World Management denied the deal closing however admitting the two parties are in advanced negotiations, while sources at Stena Weco declined to confirm the deal.

As of today, Sea World Management operates eight handysize tankers ranging from 36,000 to 40,000 dwt, IMO III, shallow draft, all built in South Korea from 2001 to 2006.


Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

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