South Korean owner Sinokor Merchant Marine has acquired 298,400dwt VLCC Nichinori from Japan’s JX Ocean according to VesselsValue.
The portal reveals that Sinokor Merchant Marine has paid $21m for the 2002-built vessel, substantially less than the $30m the company paid to Greece’s Enesel for 2004-built VLCC Irene SL in May.
Sinokor currently operates a fleet of 161 vessels including 76 tankers.
JX Ocean is also consolidating its fleet, having sold three 2002-built vessels including two tankers and one bulker this year.