Greek owner Eurotankers is stepping up its exit from the ageing VLCC space. The outfit has quietly sold the 317,400 dwt Eurovictory (built 2009, Hyundai Heavy) for about $61m, according to sales registers.
The price appears off, given prevailing benchmarks for vessels of similar age. The sale follows two earlier disposals this year involving one 16– and one 17-year-old unit.
The latest sale leaves the outfit with one 2011-built VLCC. The buyer is Aries Global Investment, a low-profile VLCC vehicle, a Chinese outfit set up only last year. The platform already controls another VLCC built in 2001.
In a comparable deal last month, the 15-year-old Oceanic Fortune, also Hyundai-built, fetched around $57m, underscoring the strength of the vintage VLCC market.
Eurotankers is also unwinding positions on the suezmax side, having recently sold the Euroleader (built 2004, Hyundai Heavy) for about $29.5m to Qing Ju Shipping, which is flagging the vessel in Palau, leaving the outfit with one ship in this segment. The tanker had been acquired at $18.2m in 2018 from the fallout of Toisa’s collapse and bank-driven disposals.
