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Home Logistics News

Details emerge on rare modern VLCC sale

August 11, 2025
in Logistics News, Maritime & Ocean News
Details emerge on rare modern VLCC sale
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At the end of last week, US tanker owner International Seaways revealed it had agreed to acquire a 2020-built, scrubber-fitted VLCC for $119m. Brokers have now identified the seller as Greece’s Evalend Shipping, controlled by Kriton Lentoudis, and the vessel as the Halcyon, a 300,000 dwt Hyundai Samho-built unit.
The deal marks the first reported modern VLCC sale in over a month. For comparison, new Chinese-built tonnage in this segment is currently offered about $4m cheaper, with 2026 delivery dates.
Evalend secured the Halcyon for $91.5m six years ago, according to VesselsValue, leaving the company with three same-aged VLCCs.
The last modern Korean-built VLCC to change hands was in mid-June, when fellow New York-listed owner DHT bought the 319,000 dwt Papalemos, built at Hyundai Heavy Industries in 2018, for $107m.
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