Grace Energy nearly doubles money on ex-Dynacom suezmax

Dubai-based Grace Energy Shipping-linked interests are cashing in on the surge in tanker asset values, with brokers reporting the sale of the 2011-built suezmax Vendavel for $94.5m, close to double its acquisition price a little over two years ago. S&P sources list the 149,999 dwt New Times Shipbuilding-built tanker with the buyer undisclosed. Brokers note … Read full article →