Advantage Tankers Linked to Five-Ship Purchase

Illustration; Image Courtesy: Advantage Tankers

The Marshall Islands-based holding company Advantage Tankers has allegedly bought five MR1 tankers from Cyprus-based shipping company Interorient, VesselsValue’s data shows.

The ships in question are Baltic Marshall, Baltic Merchant, Baltic Ambition, Baltic Faith and Baltic Force. They were reportedly sold in an en bloc transaction for USD 12 million each on May 12.

All of the five chemical/product tankers fly the flag of Hong Kong and were built at South Korean Hyundai Mipo shipyard in 2006.

With a deadweight of around 37,000 tons, each of the ships has a length of 183 meters and a width of 27 meters.

World Maritime News contacted Advantage Tankers and Interorient for more details on the matter, however, the companies are yet to reply.

With the newest addition, Advantage Tankers makes an entry into the product tanker segment. Currently, the company has a fleet of eleven tankers comprising five Aframaxes and six Suezmaxes.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2018 >>
MTWTFSS
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 1 2 3 4

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 >