MOL Sells LR1 Tanker for USD 18 Mn

Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has further decreased its fleet as it opted to sell its 2007-built LR1 tanker Classy Victoria, according to data provided by VesselsValue.

Build by Japan’s Onomichi Dockyard, the vessel was sold to an unknown buyer for a price of USD 18 million.

Additionally, the sale contract for the 75,000 dwt tanker provides purchase options to MOL.

VesselsValue data shows that the sale agreement was reached on October 7, the same day that MOL decided to sell another Capesize bulk carrier for a price of USD 28 million.

The vessel in question is the 180,700 dwt Sampaguita Dream, which was sold to an undisclosed Far Eastern buyer.

The move was a part of the company’s selling spree as part of its restructuring plan announced earlier this year.

So far in 2016, MOL reached agreements to sell a total of nine vessels, namely, five Capesize vessels, a Handy chemical tanker, a Very Large Crude Carrier (VLCC), an LPG and LR1 tanker.

World Maritime News Staff

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