Tsangaris family’s new tanker venture gains momentum

One of Greece’s oldest shipping families, the Tsangaris clan and its new venture, Piraeus-based Westport Tankers, run by Michael Tsangaris, has sealed its second deal since the summer.

Westport Tankers has purchased its second and youngest tanker to date, adding the 12-year-old, 106,900 dwt Aspasia Lemos, now renamed Argo, from compatriot owner Atlas Maritime. No price has been revealed, however, online portal VesselsValue indicates that the ship might have fetched some $21m.

The new outfit broke cover this summer adding a 19-year-old, 106,100 dwt, Eletson vessel.

Westport Tankers is set up at the same address as affiliate company Tsangaris Bros which is now down to one ship, a 10-year-old handysize bulker.

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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