Feb 12 β€’ 13:51 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Record Resale by Atlas Maritime and EMF to Okeanis Eco Tankers

Atlas Maritime and European Maritime Finance have sold two suezmax tankers to Okeanis Eco Tankers at a record price of $99.3 million each.

Atlas Maritime and European Maritime Finance (EMF) have made headlines with their record sale of two suezmax tankers to the American-listed company Okeanis Eco Tankers, owned by Giannis Alafouzos. Each ship was sold for an unprecedented $99.3 million, setting a new benchmark in the market for this type of tanker. The vessels, named "Arctic Star" and "TromsΓΈ Star," boast a deadweight tonnage of 157,000 and are currently under construction at Daehan Shipbuilding Co., Ltd. in South Korea.

The sale transaction's details reveal that the vessels are slated for delivery in May and July of 2026. However, the completion of the sale is contingent on meeting the agreed closing conditions prior to delivery. The significance of this sale lies not only in the financial aspect but also in its implications for the maritime industry, as it highlights the increasing value and demand for large-capacity tankers in global shipping.

This transaction signals a strong confidence in the maritime sector's recovery and growth potential, especially given the timeline for delivery set for a few years into the future. As global shipping dynamics evolve, such record sales may influence pricing trends and investment strategies within the industry, benefiting stakeholders across the supply chain.

πŸ“‘ Similar Coverage