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The Suezmax tanker ‘Sea Horizon,’ which was built in 2001 at the renowned Hitachi Zosen shipyard, has been acquired by Singapore-based Ocean Tankers. This significant transaction was completed at a price of USD 22.5 million, marking a noteworthy addition to Ocean Tankers' fleet. The vessel, identified by its IMO number, has a long-standing history in the maritime industry, and this sale is expected to enhance Ocean Tankers' operational capabilities.

In a significant development in maritime operations, ST SHIPPING has successfully entered into a new charter agreement valued at $40,000. This deal is set to cover a trading period of two years, enhancing the company's operational capabilities and expanding its market presence. This strategic move underscores ST SHIPPING's commitment to maintaining a robust fleet and driving growth in the competitive shipping sector. Stay tuned for more updates on industry movements and charter agreements.

Hong Kong-based Agritrade Resources has publicly confirmed that its subsidiary, Sea Oriental Line, has finalized an agreement with Euronav for the purchase of a Very Large Crude Carrier (VLCC). This announcement follows Euronav's recent disclosure regarding negotiations for the vessel, although the buyer was not initially named. Sea Oriental Line has successfully acquired the 2001-built VLCC Famenne, weighing in at 298,412 dwt, for a transaction value of $38.4 million. Agritrade Resources has articulated its ongoing strategy to enhance its floating storage and ocean freight operations through acquisitions and charters of new vessels. This move comes in response to the challenging conditions within the global commodities market and the consistent demand for floating storage solutions in the oil sector. Notably, this marks Agritrade’s second acquisition of a VLCC, with their first purchase taking place in February 2015.