FLEET RENEWAL AND SALE OF VESSELS

During the past years a fleet renewal process has been ongoing bringing newbuilds into the fleet and selling off vessels. The year of 2020 has been no exception as previous news on newbuilds has been published, other vessels/units have been sold.
 
During August, both MV Favorita and MV Rosita were sold and delivered to their new Chinese owner. 
 
Barge UR 3 was sold to a Russian buyer who plans to utilize UR 3 in northern Russian waters.
 
Additionally, with the sale of MT Vinland in July, an era has come to the end. The vessel was sold to Dido Steel Corporations S.A. in Aliaga, Turkey, for recycling. For many years, the 125 000 tdw shuttle tanker, built in 2000, transported oil from the Grand Banks to shore terminals in Newfoundland. Thereafter the vessel operated for Petrobras in Brazilian waters for 7 years, and from 2018, MT Vinland operated for Equinor in the North Sea.