M Sea Capital lining up product tanker trio

Shipowner set to expand product tanker presence with $30m plus purchase.

By Andy Pierce (Tradewinds Article)
Fri, 25 May 2018 08:21:38 

Modi Mano’s M Sea Capital is believed to be closing in on its second significant tanker transaction in six months.

BP Shippi...

The second sister vessel, a 2010 built MR Tanker, Ice Class 1A Super has been delivered to MSEA Tankers.

Like its sister vessel, it has been chartered on a medium term contract and delivered on back-to-back basis to an International Commodity Trader.  

MSEA Tankers takes delivery of a 2009 built MR Tanker, Ice Class 1A Super.

The vessel has been chartered out on a medium term contract to an International Commodity Trader and will form part of their ice capable strategic fleet.

This is the first of two sister vessels taken over by the group.

MSEA Capital is pleased to announce a new joint-venture investment platform, MSEA Tankers MCS.

MSEA Tankers is backed by leading European Financial Institutions and a selected group of industry players. It’s investment mandate is focused on building-up a substantial fleet of modern product tankers. T...

As a follow on to the two new building MR Tankers delivered in May 2015, MSEA took delivery of a third sister vessel in May 2016 which has put on a long-term lease, on back-to-back basis, to a leading International Commodity Trader. This new building project benefited from the support of a combinati...

Management of two 115k-dwt aframax tankers were taken-over from Italian owner with long-term bareboat charters of four to five years attached to leading Greek operator. The vessels are of ICE CLASS 1A and have been trading predominantly in the North Sea, Baltic and Far East Russia.

Arrangement of a highly financially structured solution for two modern MR tankers. The vessels would be operated and managed by a mid-sized Greece based shipping operator

Commodity trader talks to Tradewinds about its shipping assets strategy and long term cooperation with MSEA.

Two newbuilding MR Tankers, 50k dwt IMO 3, delivered from GSI, China. The tankers have been fixed on a long term charter to a major oil trader. The fist vessel was delivered on 15 May 2015 and the sister on 30 June 2015.

After some delay, the newbuilding handysize logger has been delivered from Maple Leaf, China, in February 2015. The vessel has been fixed on a repositioning voyage to the Atlantic where she joins a mini-pool of sister vessels.