Onex VLCC buying spree takes shape

AI Summary

Onex DMCC has become a major buyer in the VLCC tanker market, acquiring at least five supertankers including the near-new 306,000 dwt VLCC Pinios for a record $200 million. This buying spree highlights Onex's aggressive expansion in the tanker sector through multiple broker reports and sales registers.

Onex DMCC has emerged as one of the tanker market’s most aggressive VLCC buyers, with at least five supertankers now linked to the Dubai trading house through broker reports and sales registers. Splash reported on September 11 that Onex had paid a record $200m for George Procopiou’s near-new 306,000 dwt VLCC Pinios. The vessel has …