Larine cashes out of LR1 tankers in $110m UAE deal

Odfjell-family-linked Larine Tankers has reportedly sold its two LR1 product tankers to UAE interests for a combined $110m, clearing out its existing fleet amid strong secondhand tanker prices. Shipbrokers have identified the vessels as the 2016-built Bluebird and Starling, both constructed at China’s New Times Shipbuilding. Splash understands the pair has changed hands for approximately … Read full article →