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Home International Customs Greece

Onassis-backed Olympic Shipping in for three VLCCs worth $195m

byCustoms Today Report
07/09/2015
in Greece, Ports and Shipping
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ATHENS: Brokers confirm that Onassis-backed Olympic Shipping has been active in the tanker S&P market lately.

The low profile Greece owner has come in for three VLCCs that private equity firm Oaktree had bought from Nobu Su’s TMT. Olympic has paid $195m for the trio, two built in 2010 and one in 2011, all at South Korea’s Hyundai Heavy Industries.

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Last year, Olympic snapped up another pair of TMT ships. Its VLCC fleet now numbers 12 ships.

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