Toisa completes OSV fleet clearout

Gregory Callimanopoulos’ Toisa has completed the clearout of its entire offshore fleet, after China Sunrise Group took over the last six OSVs in the company’s fleet according to shipbroking sources.

The vessels are AHTS vessels, Toisa Daring, Toisa Dauntless, Toisa Defiant and PSVs Toisa Serenade, Toisa Solitaire and Toisa Sonata. All are all currently in layup and were sold for a total price of $19.3m.

Toisa filed for chapter 11 in the Southern District of New York Bankruptcy Court in January 2017, and the company’s tanker fleet has been cleared out in the past year as well.

China Sunrise mainly offers offshore support and engineering services, and operates a fleet of five vessels made up of three crew boats and two PSVs. It also has a liftboat on order.


Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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