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Afframax is 5 years old

Afframax is 5 years old
Japanese ship operator Nissen Kaiun Kaisha wants to sell-off the only operational oil tanker in its fleet, reports said.

Japanese ship operator Nissen Kaiun Kaisha wants to sell-off the only operational oil tanker in its fleet, reports said.

Japanese ship operator Nissen Kaiun Kaisha wants to sell-off the only operational oil tanker in its fleet, reports said.

The Japanese-built 106,000 dwt aframax Trident Hope is five years old.

The reported attempt to sell-off the Trident Hope comes amid separate reports that fellow Japanese operator K Line has acquired a VLCC newbuilding with similar specifications from the yard where Nissen Kaiun has two orders under construction.

Kawasaki Kisen Kaisha (K Line) is reportedly paying $110 million for the VLCC which is still being built at present at the Imabari Shipbuilding yard in Saijo, Japan.

Delivery was scheduled in June for the original owners whose identities have not been officially confirmed.

Brokers tell that $110 million is a ?very good price for a VLCC from a Japanese yard.?

One was ?confident that the original owners had locked-in a higher contract price? for the newbuilding.

Other sources are speculating that the original owner is Nissen Kaiun Kaisha.

?That would translate into something of a sell-off for Nissen Kaiun, perhaps a sign of trouble brewing, although tankers are generally still a 'safer bet' currently than other sectors,? said one source.

Nissen Kaiun presently runs a fleet of 39 vessels consisting primarily of box and reefer ships and bulk carriers, according to data from Clarkson.

Nissen Kaiun reportedly also has 19 more vessels on order currently.

www.TurkishMaritime.com.tr

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