Stealth Maritime sells ageing MR for $8m

Stealth Maritime sells ageing MR for $8m

In the MR market the Stealth Maritime controlled Epiphany, built in 2002, has been sold to IMS Greece for just in excess of $8m, according to the latest weekly report from Clarkson Research.

“Whilst pricing is a step down relative to recent activity (many will point to the sale of the coated tanker Jenny, which changed hands in July for a price in the region of $9.5m), it is important to consider that the ship will be delivered to the new buyers with its dry docking and special surveys due imminently,” Clarkson Research noted.

With tanker rates hitting the skids this year Stealth Maritime has been looking to prune back its fleet list. In January it sold an aframax to Winson Oil for around $11.5m.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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