Waruna cements place as fastest growing tanker player in Southeast Asia this year

Waruna cements place as fastest growing tanker player in Southeast Asia this year

Waruna Nusa Sentana is by some distance Southeast Asia’s fastest growing tanker player this year. The subsidiary of Indonesia’s Waruna Group is linked to a ninth ship acquisition this year. Brokers understand Waruna has moved for the 2001-built, 36,000 dwt product tanker Aikaterini, paying Greece’s Varco $6.2m for the ageing ship. Waruna has tended to focus on older vessels. The average age of its 36 tankers now stands at 23 years old, according to data from VesselsValue.

Aside from the Varco vessel, Waruna’s recent acquisitions have centred around picking off a trio of tankers from Germany’s Claus-Peter Offen.

Aside from its growing shipping empire, Waruna, founded in 1990, is in the shipyard business, with one of the largest drydocks in Indonesia.

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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