Avin International has become the latest traditional Greek company to offload some of its oldest crude carriers, selling a pair of suezmaxes at firm-looking prices.
Shipping sources in Athens said Avin's 160,000-dwt Kriti Sfakia and Kriti Spirit (both built 2000) went to unidentified Russian buyers in an en-bloc deal for nearly $28.8m in total.
This is not that far below the nearly $35m the Vardinoyiannis family spent to buy the duo on the secondhand market about six years ago.
