Arcadia Shipmanagement Disposes of Suezmax Tanker

Image for illustrative purposes only; Image Courtesy: Arcadia Shipmanagement

Greek shipping company Arcadia Shipmanagement has decided to sell Aegean Navigator, a Suezmax tanker, to Shipping Corporation of India (SCI), according to data provided by VesselsValue. 

The 158,700 dwt vessel was sold for USD 31 million on January 27, 2017.

Market value of the crude oil carrier currently stands at USD 28.25 million, VesselsValue’s data shows.

Aegean Navigator, which has a length of 274.5 meters and a width of 48 meters, was constructed by South Korea’s Hyundai Heavy Industries (HHI) in 2007.

In December 2016, Arcadia sold its oldest Aframax tanker, Aegean Pride, to an undisclosed party from China.

The company’s fleet is currently comprised of 14 vessels, according to information provided by VesselsValue.

Last year, three Suezmax newbuildings, Aegean Marathon, Aegean Dream and Aegean Unity, joined Arcadia’s fleet. Three more 159,000 dwt newbuildings are scheduled for delivery in 2017.

Following its delivery in May 2016, the first of six oil tanker newbuildings was submitted for Green Award certification.

Arcadia revealed its plans to have all of the six newbuildings certified by Green Award. Green Award assesses the quality, safety and environmental protection standards of a ship manager and its ships.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >