Ridgebury Tankers has completed the long-anticipated sale of its two remaining VLCCs as asset prices in this segment remain elevated.
Sources close to the private equity-backed owner said the 306,000-dwt Ridgebury Progress and 300,000-dwt Ridgebury Purpose (both built 2000) were sold for about $24m each to Chinese interests.
The buyer of the vessels is believed to be a logistics firm, but further information is not available.
