Two oil/ore carriers sold for conversion to VLCCs

Two oil/ore carriers sold for conversion to VLCCs

London: Two very large oil/ore (O/O) carriers have been sold en bloc to Greek “clients of Olympic Shipping” for conversion to VLCCs.

The Korean-built vessels Selma B (319,869 dwt, built 2010) and Camilla T (319,869 dwt, built 2011) were sold for $80m each by US investment fund Oaktree Capital, according to a report from Lion Shipbrokers.

Both vessels were acquired by Oaktree in a bank sale from Today Makes Tomorrow (TMT) in July 2014.

In January, Oman Dry Dock Company completed the conversion of another Olympic-owned O/O carrier, the Olympic Luck (now 319,900 dwt, built 2010), to a VLCC.

It is thought that the Middle Eastern shipyard might also undertake the conversion of the Selma B and Camilla T. 







Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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