Japan’s NYK Line is continuing to reduce its presence in the LR2 segment.
The shipping giant has sold its only owned LR2 — the 105,300-dwt Champion Prince (built 2012).
Managers at Greece's Eastern Mediterranean Maritime (Eastmed) confirmed the company bought the Hyundai Heavy Industries-built product carrier for about $24m.
Sale-and-purchase brokers reported the exact acquisition price at $24.1m, which reflects pressure on values of such product tankers.
