Greeks swoop on third Chevron tanker

Horizon Tankers linked to deal for 2003-built aframax.

Oil major Chevron is selling its third Samsung-built aframax tanker in six months to Greek interests.

Market sources suggest a Greek buyer is behind a brewing deal for the 104,900-dwt Vega Voyager (built 2003).

The most intensively rumoured name is that of Piraeus-based Horizon Tankers, which is said to be in the process of buying the vessel for $10.8m.

Managers at the Anthony E Comninos-led company declined to comment on the matter.

If the deal for the Vega Voyager goes through, it would be Horizon Tankers’ first move in the sale-and-purchase (S&P) market in more than two years and mark a notable expansion in the crude oil segment.

Horizon’s last recorded purchase took place in August 2015, when it emerged as the buyer of two MR product tankers. The company is currently listed with eight MR ships of about 50,000 dwt, all built in 2008 and 2009.

Comninos is also active in dry bulk shipping under affiliated operation Target Marine. That company too, recently notched up its first ship acquisition in two years.

The Vega Voyager is due for special survey in November.

The $10.8m, at which the vessel is said to be changing hands seems like a relatively firm price, compared to the $10.2m at which Chevron sold two identical sisterships in September last year.

Greek peer New Shipping purchased the 105,000-dwt Stellar Voyager, which has been trading since as the New Sifnos, and clients of Piraeus-based outfit Spring Marine Management acquired the Neptune Voyager, which has been renamed Anavatos.

New Shipping’s purchase of the Stellar Voyager in September led some market sources to suspect that it could also be behind the purchase of the Vega Voyager earlier this week. Sources at New Shipping, however, dismissed any such notion.

Chevron also has two other Samsung-built aframaxes, the 105,000-dwt Castor Voyager (built 2006) and Capricorn Voyager (built 2007).