DS Tankers cuts VLCC fleet to one

AI Summary

German shipowner DS Tankers has sold the 15-year-old VLCC DS Vision for $96 million, leaving the company with a fleet of one. The reported price is well below the vessel’s estimated value, while another older Dalian-built VLCC, Southern Emperor, reportedly sold for $110 million.

German outfit DS Tankers has sold the 15-year-old, Dalian-built VLCC DS Vision to undisclosed interests for $96m, well below VesselsValue’s $161m valuation.  In a comparable deal, the older, 2004-built Southern Emperor, also built at Dalian is reported selling for $110m.  The low price tag for DS Vision is explained by the fact that the buyer …