Greece’s Peraticos family has extended a string of ship sales as part of a fleet renewal that focuses on an aframax newbuilding pair the company has recently ordered in South Korea.
Family outfit Pleiades Shipping Agents has sold the 105,300-dwt aframax Pamisos (built 2011) to Greek peers NGM Energy at a price between $22m and $24m, various shipping sources in Athens told TradeWinds.
Last month, Pleiades sold sistership Kalamas, a vessel constructed at Sumitomo Heavy Industries, to New York-listed Performance Shipping for $22m.
The Stamatis Vellis-led company thus joined the list of Greek player taking the opportunity of multi-year low newbuilding prices to replace older tonnage.
As TradeWinds reported in October, Pleiades ordered a second 115,000-dwt aframax newbuilding at Daehan Shipbuilding after booking a first unit at the South Korean shipyard in June.
Pleiades’ tanker sale spree has not stopped at aframaxes. In October, the company sold the 50,000-dwt MR tanker Glafkos (built 2013) to Spain’s rapidly expanding Marflet Marine, reportedly for about $23m. The ship has been renamed Virgen de la Aurora
Brokers reported at the time that Marflet bought a sistership from Pleiades as well – the 50,000-dwt Evinos. Marflet managers, however, promptly denied this information and the ship remains so far listed in the Pleiades fleet.
The Peraticos family, which has a habit of naming its vessels after Greek rivers, also sold its only bulkers this year.
As TradeWinds reported in April, Peraticos-linked company Alma Maritime divested the 63,600-dwt bulker ultramax pair Kifissos and Ilissos (both built 2019) to ADNOC for about $26.5m each.
The purchase of the Pamisos marks the first tanker buy this year for the Moundreas family, which controls NGM Energy. The group of companies founded by Nicholas G Moundreas, who has the reputation of a consummate player in the secondhand market, has been focusing on dry bulkers so far this year, acquiring four capesizes.
The Pamisos buy, however, shows the Moundreas family hasn’t lost its taste for attractive tanker deals. The ship passed special survey as recently as in October.
Throughout 2020, the Moundreas family sold a capesize for scrap and sold an older VLCC for further trading.
Trond Lillestolen contributed to this story.
