Transocean behind acquisition of d’Amico and Glencore tanker

The MR2 tanker Glenda Meredith, which was announced as sold by d’Amico and Glencore joint venture Glenda International Shipping, is bound to Monaco.

The latest weekly report from Banchero Costa reveals that the 40,000 dwt product tanker, built in 2010 at Hyundai Mipo, was acquired by Transocean Maritime Agencies for $19m.

The Italian broking company added that the unit was in the market for around eight to nine months, with the sale timing corresponding to the peak market in product tankers.

According to VesselsValue, the acquisition will be the fifth handysize tanker in the Transocean fleet which also includes 14 dry bulk vessels.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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