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>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 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 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >