Tomini confirms sale of last tanker

Dubai based firm awaits newbuildings
Shiping, NEWS


 Tomini Shipping has sold its last tanker for scrap to Pakistan in a deal worth just over $9m.

The Dubai-headquartered firm told ArabianSupplyChain that it had sold the 110,500-dwt Salix (built-1994) for scrap for “a price in the region of $440+/LDT.”

“It was the last tanker we owned and it was sold, we have no other owned vessels at present, dry or wet,” said Imtiaz Shaikh, Chiarman of Tomini.

The Salix, built in Croatia, was purchased by Tomini from Tankerska Plovidba for $11m in 2011.

The sale is part of Tomini’s fleet renewal plans and follows an announcement earlier this month that it had ordered nine new bulkers.

Shaikh says the company has a target of at least 20 new vessels over the next few years.

“We intend to continue ordering new ships consistently over the next years with a minimum target of at least 20 ultramax vessels.”

The Dubai-based Pakistani shipowner ordered the 64,000-dwt eco-design vessels at China Shipbuilding Industry Corp.

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