Bumi Armada Dismisses VLCC Purchase Reports

TankerIllustration. Image Courtesy: Px Here under public use license

Malaysian Bumi Armada has refuted broker reports that linked it to the purchase of the very large crude carrier (VLCC) Front Ariake. 

The offshore oilfield services provider said in a regulatory filing that the reports were not true.

“We refer to recent articles reporting that Bumi Armada Berhad  has acquired a very large crude carrier (VLCC) Front Ariake. The company wishes to clarify that it did not purchase the VLCC Front Ariake,” the statement reads.

To remind, Intermodal Shipbrokers reported last week that the 298,530 dwt VLCC was bought by Bumi Armada for USD 20.7 million, and that it was intended for conversion.

The Bahamas-flagged vessel was previously owned by Bermuda-based Ship Finance International Limited (SFL).

Built at Hitachi Zosen shipyard in Japan in 2001, Front Ariake currently has a market value of USD 18.05 million, according to data provided by VesselsValue.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
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 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >