Low-profile but well-regarded Greek tanker and bulker group S Livanos has sold two of its oldest tankers.
The Hyundai-built, 72,000-dwt Amazon Brilliance and the STX-built, 47,000-dwt Evros (both built 2005) are both reported sold.
The LR1 tanker is understood to have fetched $12m and the MR $9.4m.
The Amazon Brilliance is due for special survey in February 2025 and the Evros is due for dry-docking next December. The prices for both ships are in line with current market expectations.
Sun Enterprises has already deleted the Amazon Brilliance from the fleet list on its website. According to IHS Markit, the vessel changed ownership recently and is currently in the fleet of Greek peer Coral Shipping.
S Livanos' tanker arm Sun Enterprises is not a typical asset play company. The Evros has been with the company since it was new.
It was ordered for some $27.5m as part of a four-vessel order. Two other sisterships — the Axios and Aliakmon (both built 2006) — are still in the Sun fleet.
In 2019, the company made a move to renew its fleet by ordering two MR tankers at Hyundai Mipo Dockyard (HMD).
The same year it ordered as many as four aframax tankers at Daehan Shipbuilding with three of them yet to be delivered.
Sun Enterprises is understood to have strong relations with oil majors and several of the aframaxes are on long-term charters to Chevron.
Sun Enterprises does not comment on commercial matters. The Greek owner is listed with 19 tankers on the water.
Its sister company, Alios Bulkers, has a fleet of two panamaxes and five kamsarmax vessels.
