Team Tankers offloading older chemical tankers

Oslo-listed Team Tankers International continues to offload older, smaller tonnage. Brokers report that the Morten Arntzen-led firm received $5.2m from an undisclosed buyer for the 19-year-old, 11,674 dwt Sichem Fumi.

Many larger owners are now trying to get rid of older ships, brokers report, as smaller players are there to buy, in the current market they can make a decent amount of money on the old work horses before they go to scrap.

A handful of chemical tankers between 10 to 20 years old have been reported sold in the past month.

Last week it was Turkish chemical tanker player Beykim Petrolculuk who dived into the secondhand market picking up the 6,239 dwt chemical tanker Sichem Houston, built in 1995, from Team Tankers, according to sources.

If the two sales are completed Team Tankers is left with a trio of chemical tankers built in the 1990s.

Team Tankers’ fleet consists of more than 40 chemical tankers ranging from 3,500 dwt to 46,000 dwt. Cargo segregations vary from 12 to 30, and the fleet consists of both coated and stainless steel vessels.

Separately, Japan’s Asahi Tanker has sold the 47,094 dwt, 2004-built Baizo product tanker for $17.4m to undisclosed buyers, brokers report. The ship is one of a long series of very popular product tankers built around a decade by Japanese yard, Onomichi.

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.
Back to top button