Agritrade sells 2001-built VLCC

Agritrade Resources subsidiary Sea Latitude has sold one of its very large crude carriers to Da Shun Shipping.

Sea Latitude is a South Korean-built VLCC-grade oil tanker with capacity of approximately 309,300DWT built in December, 2001.

The vessel is classified by Lloyd’s Register.

As at July 31, 2018, the unaudited carrying value of the vessel was approximately HK$177.6 million (US$22.63 million).

The delivery of the vessel is expected to take place on or before August 7, 2018.