Greek owners are still making huge gains from canny tanker sale-and-purchase deals.

European brokers are reporting Chandris (Hellas) has offloaded the 115,200-dwt LR2 Althea (built 2022) for $72.5m, a $22.5m mark-up from the newbuilding price.

One broker linked shipowner and pools giant Navig8 Group to the deal.

Chandris does not comment on S&P matters.

VesselsValue has an assessment of $79m on the tanker.

A charter of three years to Core Petroleum of the US was agreed for the ship in August at $33,500 per day.

In October, the sistership Aetea was sold straight from the yard to an unnamed buyer for $72.5m and is due for delivery in December, according to S&P Global Market Intelligence.

Low-profile Chandris ordered the two newbuildings for just about $50m each at the end of 2020, right before shipyards started jacking up shipbuilding prices.

Older vessels in demand too

Meanwhile, older aframaxes continue to change hands, with rates approaching $200,000 per day for the more modern ships.

Westport Tankers of Greece has doubled its money in less than a year by offloading the 105,800-dwt Sifis (built 2007) for $32m to undisclosed interests.

It was acquired in February from Bergshav of Norway for $16.5m, showing the meteoric rises in asset values as markets recovered from 2021 lows.

The vessel has a special survey due.

And the 107,100-dwt aframax Karachi (built 2003), which has a survey due, has been divested by Pakistan National Shipping Corp for $19m or $21m, brokers said.

VesselsValue assesses the ship as worth $23.8m.

It was bought from Greece’s Tsakos Shipping & Trading in 2010 for $39m.

In addition, brokers reported the sale of the 160,300-dwt suezmax Maria Grace (built 2002) for $22.5m by Elegant Ship Management of India.

The buyer is not known.

The ship was acquired in 2017 from Gener8 Maritime for $13.3m, meaning a useful profit for the seller after five years of service.