Greek product tanker player Coral Shipping has broken a year-long absence from the secondhand market to buy the youngest ship yet to join its fleet.
The John Kilakos-owned company is acquiring the 50,000-dwt Stavanger Pioneer (built 2019) from Norway’s DSD Shipping at a price below $48m, according to market sources in Athens.
The two companies, which were both contacted for comment, have done sale-and-purchase deals between them before.
