Cido Shipping has successfully concluded the sale of five medium-range (MR) handymax products tankers to Blue Lines Shipping.
Oslo-based DnB NOR Markets, which acted as advisor on the disposal of the 2008-built ships, confirms the deal and says all the vessels have been delivered to the buyer.
Joachim Skorge, managing director of DnB Nor Markets in Asia, declines to disclose the price of the tankers but says the deal includes charter contracts.
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