Teekay sells aframax pair for $28m each

Teekay sells aframax pair for $28m each

Brokers report that Teekay has sold two aframaxes to Greece’s Estoril Navigation.

Estoril Navigation declined to comment when contacted by Splash.

The Korean built, 111,000 dwt American Spirit and the 106,000 dwt, Japanese built Fuji Spirit fetched $28m each, reports say.

The ships are believed to have been taken back on three-year time charters at an undisclosed rate.

Online portal VesselsValue.com values the 2003-built tankers at around $24m each.

Estoril Navigation was established in January 1993 by Alex Karidopoulos and it constitutes a continuation of Empire Marine Transport which was founded 10 years earlier.

The new ships brings Estoril Navigation’s aframax fleet up to five ships.

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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