Aeolos scraps two VLCCs as demo market bursts into life

Greek owners have been active in scrapping crude tankers as the demolition market burst back into life after Chinese New Year.

Philip Embiricos-controlled Aeolos Management is disposing of two of its oldest VLCCs. The 281,000-dwt Poros (built 2000) and 305,000-dwt Kos (built 2001) are both believed to have secured $440 per ldt having be sold "as is" in Khor Fakkan.