Thai Oil identified as buyer of International Seaways VLCC pair

Thai Oil, a subsidiary of Thailand's energy major PTT Group, has been identified by brokers as the buyer of two VLCCs from International Seaways.

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Early last week, Splash had reported the sale of the 2002-built Seaways Mulan and the 2003-built Seaways Rosalyn, and this week Lorentzen & Stemoco and Banchero Costa have both identified the buyer as Thai Oil.

The two vessels were sold for $23.5m and $25m respectively, in line with VesselsValue‘s valuations on the vessels at $23.7m and $25.3m.

VesselsValue data shows that Thai Oil currently owns one VLCC and four small tankers.