Ancora Sells One of its Two Suezmaxes

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Greek owner Ancora Investment Trust has let go of one its two suexmaxes, brokers says, getting rid of the 166,000

The 2004-built tanker was available for inspection in Greece from the start of last month, but it has taken some time before brokers reported the ship as sold.

At the time of inspection, it was noted that the ship could fetch about $18m, a similar market value to what pricing portal VesselsValue has for the ship. The price tag attached to the fresh deal is however significant less, only $15.5m, an indication that the taker has done a good deal.

The Marika suezmax appears to been a bad investment for Ancora as the price reported is slightly more than half of what Ancora paid for the ship in 2015.

Greek vintage tanker specialist Avin International is tipped as the buyer. The active owner has continued its hunt for elderly tonnage each month of the year since 2016, taking a total of seven ships in the past couple of years to give it a fleet in excess of 30 vessels.

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Source: Splash 247