Seacon ships out another product tanker to Union Maritime

Source:Splash247.com
2025.02.11
25

Hong Kong-listed Seacon Shipping is selling another bareboat chartered modern chemical and oil products carrier to UK bulker and tanker player Union Maritime.

The Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Dahlia for roughly $32.9m.

Seacon said it would first buy the vessel out of its bareboat agreement with AVIC leasing for $21m, before delivering it to Union Maritime in April.

“The directors consider that the disposal represents an opportunity to dispose of the vessel at a reasonable price, which will enable the group to enhance its working capital position, further strengthen its liquidity, and provide funding for the acquisition of new vessels to optimise the group’s fleet portfolio,” Seacon said in a regulatory filing.

Last April, the company was involved in a similar transaction with the Laurent Cadji-led diversified shipowner for a one-year-younger sister MR1. The 2022 Fujian Mawei-built Golden Lavender (pictured) was delivered in June for $36m.

Union counts around 50 tankers in its fleet, excluding a massive orderbook of various product carriers which was recently boosted by four 24,200 dwt newbuilds booked at the restructured yard Dalian Shipbuilding Offshore Company (DSOC).

TOP