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Transportation

Emirates Shipping sells panamax crude tanker as former compatriot UACC rebrands

Sharjah-headquartered Emirates Shipping has sold an elderly medium-range crude tanker that has emerged in the fleet of a Fujairah-based ship manager.

IHS Markit indicates that ownership of the 73,100-dwt tanker GSS (built 2000) has just passed on to RSB Shipping, a Marshall Islands-registered single vessel owning entity that shares the same address as Fujairah-based Aurora Ship Management, which is listed as the manager of the ship that has been renamed Red Sea II.

In 2021 Emirates Shipping, which was launched in 1992 by former Gulf Energy founder Ghanem Saeed Mattar Al Suwaidi, expanded its fleet by buying three tankers from the fleet of Peter Georgiopoulos’s United Arab Chemical Carriers (UACC), which has recently been rebranded as United Overseas Group (UOG) and moved its headquarters to Athens.

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