Thailand’s Nathalin Group snaps up vintage VLCCs

Thai oil player Nathalin Group is listed by brokers as the taker of the oldest VLCC belonging to the Onassis’s Olympic Shipping and Management. The 2003-built Olympic Legend went for a very firm $31m.

This is the second time the Thai player is linked to ships in the VLCC segment this summer. Last month it was reported tapping Switzerland’s Mercuria for a 21-year-old FSO unit named Phoenix M. This ship was reported sold for $27m.

Nathalin Group controls its ships through its shipping arm, Prima Marine. Online pricing portal VesselsValue data list 26 ships in Prima Marina´s fleet.

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