Zodiac snaps up aframax

Brokers tell Splash that the tanker division of Zodiac Maritime Agencies has picked up the 105,000 dwt tanker Lion City River for $20.5m. The seller is Singapore-based Kumiai Navigation, a wholly owned subsidiary of shipowner Kumiai Senpaku of Japan.

Experts note that the deal shows a significant reduction in prices compared to a recent sale of another nine-year-old ship, Isis, which went for $4m more.

Chatter around a possible deal done by one of the more active shipping mammoths this year started last week.

The deal is the second deal in a short time for Eyal Ofer’s Zodiac Maritime. Earlier this week, the container segment of the outfit was linked to a $29m deal for two ships.

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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