Greek owner IMS has managed to turn another profit in a sluggish tanker sale-and-purchase market.
Brokers reported the Marios Gialozoglou-led company has sold the 46,000-dwt MR2 Bruno (built 2004) for $17.5m.
The owner had acquired the South Korean-built unit in 2018 for $9.9m from Transpetrol Maritime of Belgium.
The tanker is now called the Seaway under the ownership of Haona International Group of China, its only ship.
VesselsValue assesses the vessel as worth $16m, up from $15m a year ago.
In October, IMS also divested one of its oldest tankers at a considerably higher price than it bought it for seven years ago.
Market sources in Piraeus said the owner had sold the 46,000-dwt Butterfly (built 2004) for $18m.
IMS bought the STX Shipbuilding-built vessel from Transpetrol for about $11.2m, equivalent to $14.4m in today’s money, TradeWinds reported in October 2017.
This ship is now the Starway under the ownership of Shanghai Wanhe Marine Shipping.
Gialozoglou controls a fleet of 28 ships, mainly tankers.
Brokers also reported the 37,000-dwt Sunflyte (built 2001) sold for $11.5m to an undisclosed buyer.
This tallies with valuation estimates for the South Korean-built vessel, which was worth $12m a year ago.
The ice-class 1B tanker is controlled by Flyte Logistics of Singapore.
The owner acquired the ship from Tehama Shipping of the United Arab Emirates as the PSS Energy in 2022 for $12.4m.
Tehama had bought it earlier that year for $4.55m from Interorient Shipmanagement of Cyprus.
Sunflyte parent GITC of Singapore has been contacted for comment.
