Ship Finance International Sells VLCC Oldie

Bermuda-based ship owner Ship Finance International has reached an agreement to sell one of its Very Large Crude Carriers (VLCC) to China’s Kunlun Shipping, according to data released by VesselsValue.

The vessel in question is the 1998-built Front Century, which was sold for a price of USD 18.7 million.

Featuring 311,200 dwt, the vessel was built at South Korean shipyard Hyundai Heavy Industries.

The 334-meter-long carrier was part of the company’s fleet of 17 tankers.

In May 2016, Ship Finance International sold another oldie for a price of USD 23.8 million. The 1998-built Front Vanguard was purchased by Singapore-based CS Shipping.

World Maritime News Staff