Russian Sovcomflot sells 2002-built aframax tanker
Russian state-run shipping giant Sovcomflot sold its 2002-built aframax tanker Petropavlovsk to UAE-based shipping company Khor Al Zubair.
The 106,000 dwt vessel constructed in Japan was sold to the UAE tanker owner at a price of $10.2 m, marginally lower than the cost of $10.89 m by VesselsValue.
It is the fourth tanker recently sold by Sovcomflot, following two MR tankers and a suezmax tanker out the door.
Khor Al Zubair Group has expanded its scope and has become one of the vital companies that provides specialized solutions to many sectors in the region through operating and managing it’s own tankers and managing transportation & logistics to these commodities through their own shipping and marine services, providing specialized solutions for different sectors in the region.
Khor Al Zubair Group owns its fleet of oil tankers, gas carriers, supply and tugboats as well as barges and world-class logistics solutions.
Maritime Business World