UK shipowner Union Maritime appears to be logging a substantial profit on the sale of a 16-year-old aframax tanker.
The 104,900-dwt Anavatos (built 2003) has gone to an Indonesian buyer for between $13.5m and $14m, European shipbrokers said. It has an attractive dry-docking status, as it passed special survey in April last year.
Union Maritime bought the aframax for $9.9m from OMC Shipping in September 2017, when it was Neptune Voyager.
The company has a fleet of around 40 tankers, bulkers and offshore vessels. This is not the first time it has carried out a successful asset play.
In May this year, it sold the 76,700-dwt Harrow (built 2005), reportedly for $9.1m to an undisclosed buyer. However, this sale is not confirmed yet. Union Maritime bought the bulker at the bottom of the market as Red Queen for $6.5m in October 2016.
The company has a fleet of six aframaxes on the water, all built at Samsung Heavy Industries. It also owns one LR2 tanker built at Hyundai Heavy Industries.
Union Maritime is listed with three 63,000-dwt bulkers on order at Cosco Shipping Heavy Industry for delivery this year and in 2020.
