Union Maritime Linked to Purchase of Eight Aframaxes

UK-based shipowner Union Maritime has been linked to a sale-and-purchase agreement for eight Aframax tankers.

According to data provided by VesselsValue, the units were purchased from compatriot BP at a total price of USD 108 million.

The ships in question are the British Cormorant, British Cygnet, British Eagle, British Falcon, British Gannet, British Kestrel, British Mallard and British Robin.

Featuring 113,600 dwt and 114,800 dwt, the vessels were built in 2005 and 2006 by South Korea’s shipbuilder Samsung Heavy Industries.

VesselsValue informed that the acquisition deal, revealed on September 21, is subject to financing.

World Maritime News contacted Union Maritime for confirmation and more details on the transaction.

Union Maritime currently operates a fleet of 37 vessels, the majority of which are tankers. The company also has five newbuildings on order, three of which are bulkers and the remaining two are tankers. The newbuildings are scheduled for delivery in 2019 and 2020.

World Maritime News Staff