Truong Phat Loc Shipping busy buying and selling

Truong Phat Loc Shipping busy buying and selling

Hanoi: A Ho Chi Minh City-headquartered tanker player has been busy in the sale and purchase markets of late.

Brokers report that the chemical tanker specialist Truong Phat Loc Shipping (TPL) has sold the 14-year-old Japanese-built Everrich 7. Greece’s Mare Maritime is tipped to take over the 22,779 dwt sized ship.

TPL bought the ship, together with the slightly smaller and one year older Everrich 5, from European interests last year.

It is expected that TPL will continue to be active in the sales and purchase market as the company’s plan is to have 20 vessels with a total deadweight of more than 300,000 dwt of chemical vessels and capacity of 200,000 cu m of LPG carriers by 2017. TPL was founded six years ago.

Last week TPL snapped up a vintage VLGC, the 78,500 cu m Gas Scorpio, from Japan’s Astomos. This purchase doubled the company’s fleet size in the VLGC sector. TPL paid $39m for the Mitsubishi-built ship (pictured) after a tender process, some $1m more than online pricing platform says the 1995-built vessel is worth.

TPL bought its first  VLGC, the 75,000 cu m Everrich 8  in June 2014. The ship was built at Kawasaki Heavy Industries in 1990.


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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