Sinokor looks to have made the most of the spike in tanker rates with a swift sale of a pair of VLCCs. Sources tell Splash that the Korean company has obtained $35m each for the VLCCs Plata Pioneer and Plata Sunrise, both built in 1999 in Japan.
Sinokor was unavailable for comment when contacted by Splash. The identity of the buyer has not been revealed.
The deal, if true, marks a very good one for Sinokor. It purchased the pair just over a year ago from SFI for just $22.8m, giving the owner a 55% mark up in just 13 months.
VLCC rates have spiked this year, entering six-digit territory and becoming the strongest seen so far this decade.