TIL’s Suezmaxes Finally Delivered

Oslo-listed tanker owner and operator Tanker Investments Ltd. has completed the acquisition and taken delivery of all six of the Suezmax tankers it agreed to acquire in late-2014.

The deliveries of the six second-hand Suezmax tankers purchased in December 2014 were postponed for early third quarter of 2015 instead of the first half of the year.

The fleet consists of four, 2009-built and two, 2010-built Suezmaxes constructed by Rongsheng Heavy Industries Group Ltd. acquired for an en bloc purchase price of USD 315 million.

All of the Suezmaxes are expected to complete their 5-year drydocking, including the installation of fuel efficiency enhancements, upon delivery to Tanker Investments.

TIL said that the Suezmax tankers are now in the process of joining the Gemini Suezmax Pool.

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