Singapore’s DBS Bank has moved swiftly to auction two handysize product tankers that last traded for failed oil trader and tanker operator Coastal Oil.
The 24,200-dwt Babylon (built 2017) and Atalanta (built 2015) are set to be sold via a sealed bidding process, with offers due in at the Sheriff of Singapore’s office at 3pm on Tuesday next week.
Successful bidders will have to pay an additional SGD 327,700 ($242,200) for bunkers onboard the Atalanta and SGD 247,200 for bunkers onboard the Babylon.
