Zodiac Maritime acquires six tanker newbuildings from Toisa

Zodiac Maritime acquires six tanker newbuildings from Toisa

Eyal Ofer’s Zodiac Maritime is linked to the acquisition of six tanker newbuildings from bankrupt owner Toisa’s fleet.

According to Allied Shipbroking, Zodiac Maritime has spent $280m in total for six newbuilding tankers under construction at China Shipping Industry (Jiangsu), made up of three 157,000 dwt suezmax tankers United Oceans, United Paragon, Pericles G.C. and three 113,500 dwt aframax tankers Nikos Kazantzakis, United Mariner and United Nomad.

Five of the six vessels are scheduled for delivery this year and the other one is expected to be delivered in 2019.

Toisa filed for chapter 11 protection in January 2017, and currently most of the company’s fleet has been sold off.

VesselsValue data shows Zodiac Maritime currently operates a fleet of 134 vessels, made up of 33 bulkers, 39 containerships,42 tankers, five LPG carriers as well as 15 car carriers.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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