EuropeTankers

Vafias ships out tanker pair to spin-off Imperial

Greek tanker and bulker owner Imperial Petroleum has agreed to acquire two tankers from affiliate companies owned by its CEO Harry Vafias.

Imperial Petroleum said in a statement that it bought the 2009-built aframax tanker Stealth Haralambos and the 2008-built MR2 product tanker Aquadisiac built in 2008, with an aggregate capacity of approximately 163,716 dwt.

According to the company, the aggregate purchase price for these acquisitions is $71m. Both vessels will be delivered on a charter-free basis by the end of January 2024.

The Nasdaq-listed spinoff of Vafias-led StealthGas added that it would finance the purchase price with cash on hand.

Imperial Petroleum, founded in 2021, will following the transaction have a fleet made up of five MR tankers, two suezmaxes, one MR2 tanker, one aframax, and two handysize bulkers.

Bojan Lepic

Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had written for Navingo media group titles including Offshore Energy Today and LNG World News. Before joining Splash, Bojan worked as an editor for Rigzone online magazine.
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