German outfit DS Tankers has sold the 15-year-old, Dalian-built VLCC DS Vision to undisclosed interests for $96m, well below VesselsValue’s $161m valuation.
In a comparable deal, the older, 2004-built Southern Emperor, also built at Dalian is reported selling for $110m.
The low price tag for DS Vision is explained by the fact that the buyer will not take delivery of the ship before May 2027. The sale will leave the outfit with just one vessel, the 2011-built VLCC DS Venture. Dr Peters-associated DS Tankers has steadily been cutting its exposure to shipping.
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Hans Thaulow
Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 25 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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