Valloeby in for Chinese-built LR1

Germany’s Chemikalien Seetransport has sold the dirty trading LR1 tanker Athens Star to Malta-based Valloeby Shipping for a touch above $13m. The 73,869 dwt ship was built in China in 2005.

According to Clarkson Research Valloeby have been active in the market for Chinese built product tankers of late, acquiring the ex-Norden controlled handysize Nord Thumbelina for a price in excess of $13.5m in September 2016.

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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