Tanker asset plays pay dividends

The tanker S&P market remains active, with vintage tonnage still dominating broker columns. The focus now has switched from VLCCs to smaller sizes, with suezmaxes being the most popular sales candidates. A string of prominent owners have been making fortunes flipping ships that have only been with them for months.

In the suezmax segment, Dubai-based, Lila Global, Anil Sharma’s shipowning arm, has let go of the 2004-built Lila Shenzhen for $25m, a ship Sharma had bought in April for just $16.5m.

The same-aged Valtamed, owned by Norway’s Sole Shipping, has found new owners in a deal reported to be worth $26m.

Another asset player worth noting is Greece’s Prime Marine, which has sold the 2009-built, 75,000 dwt LR tanker Liberty. The STX-built vessel was snapped up for $15 m in March and has now been sold for $23m. The ship is already renamed Apate and registered as owned by a new outfit called Fractal Shipping based in Geneva.

The search for elderly targets to move cargoes in the much-altered tanker trading world following Russia’s invasion of Ukraine has seen tanker prices leap for a number of months.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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