Greece’s Coral Shipping has embarked on an expansion move with the purchase of its youngest aframax tanker.
Recent broker reports linked the Athens-based tanker player to the purchase of a vessel from Norway’s Det Stavangerske Dampskibsselskab (DSD).
Coral is spending $18.5m to acquire the 105,400-dwt Stavanger Eagle (built 2009), London brokers said.
According to US-based brokers, the Greek company bought sistership Stavanger Falcon (built 2009) as well, for $18m.
