Monaco’s Sea World Management, a vintage tanker player, has offloaded a 19-year-old, 40,000 dwt, Hyundai Mipo-built tanker to Vietnam’s Hung Phat, a Ho Chi Minh City-based tanker firm. No price has been attached to the sale of the SW Monaco I, a ship that has been renamed Blue Sun. The ship is headed towards Primorsk .
Earlier this year Hung Phat had a ship named Elephant which was detained for technical and document issues in Spain, a ship linked to ship-to-ship transfers. The ship was later released.
Hung Phat has three other tankers, all built between 2007 and 2009, according to the Equasis database.