Trio of BP Shipping tankers reported sold at second attempt

Trio of BP Shipping tankers reported sold at second attempt

BP has been struggling to offload portions of its fleet amid a tepid outlook for tankers. BP Shipping started marketing a trio of elderly MR tankers earlier this year, a move that would have removed the outfit’s exposure to the MR sector.

Soon after a transaction was reported on subjects, with Korean outfit Sinokor confidently listed as the taker. No deal was ever finalised however and the 47,000 dwt British Courtesy, British Serenity and British Tranquility are now reported sold again, albeit for a much lower price.

At the end of February the 2005-built sisterships were reported sold en bloc for $12.2m each. Yesterday the ships showed up as sold again. This time, no taker was disclosed, but the price for one of the ships is reported at $10.7m, significantly less than onlineportal VesselsValue sets the market price for the ships at.

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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