Two in, one out at Ridgebury

It’s a case of two in, one out this Christmas for Ridgebury Tankers with multiple broking reports suggesting the Bob Burke-led company has been shuffling its suezmax assets. 

The 15-year-old Ridgebury Pallas, which was bought just over 14 months ago, has been sold to India’s Seven Islands Shipping for $17m.

Meanwhile, Greece’s Capital Ship Management has done a deal to sell two 12-year-old Japanese suezmaxes to Ridgebury. The Aias and Amoureux tankers fetched a price of $22.5m each. 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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