TMS Tankers to Sell VLCC Oldie for USD 20 Mn

Greece-based TMS Tankers, a member of the Cardiff Group of companies, has reached an agreement to sell its oldest very large crude carrier (VLCC), subject to buyers inspection.

According to data provided by VesselsValue, the company’s 1997-built VLCC Universal Brave has fetched a price of USD 20 million.

Built at South Korean shipyard Hyundai Heavy Industries, the 19-year-old tanker, was sold to an undisclosed buyer.

Featuring 299,900 dwt, Universal Brave, which has a market value of around USD 15 million, was part of the company’s fleet of 34 tankers.

TMS Tankers has one more oldie in its fleet, the 1998-built LR2 tanker Oriental Green, while the rest of its fleet was built between 2004 and 2016.

Additionally, the company has 13 newbuildings on order, consisting of Suezmax and Aframax tankers, all of which are scheduled to join their owner during 2017.

World Maritime News Staff

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