Velos takes $33m profit on vintage tanker sale

Greek owner Velos Tankers has reportedly sold the 2008-built LR2 tanker Velos Emerald for $50m. Numerous brokers report a striking return on a ship acquired five years ago for about $17m from Mitsui OSK Lines (MOL). The 115,042 dwt tanker was built by Sasebo Heavy Industries and previously traded as Falcon Express. The price also … Read full article →