Supply Chain Council of European Union | Scceu.org
Freight

Emirates Shipping sells panamax crude tanker in fleet replacement move

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.

The sale of the GSS comes as Emirates Shipping awaits delivery of the 45,900-dwt MR2-type product tanker UACC Consensus (built 2005), which Middle Eastern tanker sources said was part of a purchase deal concluded in November last year, although the ship continues to trade in the fleet of Peter Georgiopoulos’s United Arab Chemical Carriers (UACC) due to prior employment commitments.

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