Busy Union Maritime offloads a tanker

April 16, 2024 Stu Turley Press
Union Maritime

S&P activity is picking up this month with brokers reporting a string of deals.

Laurent Cadji-led outfit Union Maritime has sold the five-year-old, 50,000 dwt, Hyundai Mipo-built tanker, Avon, to an undisclosed account for $45.5m.

Last week, the UK bulker and tanker player made the headlines for shaking hands with Hong Kong-listed Seacon Shipping, putting out a release that it had added the two-year-old 34,827 dwt, Fujian Mawei-built Golden Lavender for $36m.

This active owner is also busy ordering ships. At the end of March, it increased its tanker orderbook, signing up for four more 18,500 dwt chemical tankers and a pair of 49,000 dwt MR2 vessels at Wuhu Shipyard worth about $210m in total.

Source: Splash247.com

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About Stu Turley 3459 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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