Thanassis Martinos-controlled Eastern Mediterranean Maritime (Eastmed) has emerged as the buyer of a Japanese-controlled VLCC that had been linked to South Korea’s Sinokor Merchant Marine.
Athens-based Eastmed confirms it has bought the 299,000-dwt Isuzugawa (built 2004) for $25.5m.
The deal marks the company’s first tanker purchase on the secondhand market in four years.
Market sources said in September that the Universal-built Isuzugawa had likely gone to Sinokor for $25.8m.
