The disclosure of the Sinokor–Navios transaction confirms that the absorption of available tonnage in the VLCC market has not only continued but is being pursued methodically, with Navios Maritime Partners, led by Angeliki Frangou, securing total proceeds of 136.5 million euros from the sale of two older vessels.
According to the company, there was an agreement for the sale of the vessels Nave Galactic (296,900 dwt, built in 2009) and Nave Buena Suerte (297,500 dwt, built in 2011) as early as January 2026, although the buyer’s identity had not been disclosed at the time. In late April, the market saw Nave Buena Suerte officially join the Sinokor fleet under the new name Panama Prosperity, confirming the link to the Sinokor–MSC alliance of Gianluigi Aponte. The “Prosperity” naming has already been used for other tankers acquired by the two groups during the major wave of VLCC purchases last December.
This transaction forms part of a broader pattern of acquisitions of Greek-owned VLCCs. According to confirmed sale-and-purchase (S&P) transactions, Greek shipowners have sold a total of 19 VLCCs to Sinokor, with the aggregate value approaching 1.5 billion dollars.
Dynacom Tankers Management, owned by George Prokopiou, has reportedly sold 11 vessels worth approximately 830 million dollars. Additional sales were made by Evalend Shipping, Kyklades Maritime, Maran Tankers Management, TMS Tankers, and Pantheon Tankers. This aggressive absorption of tonnage has significantly tightened the supply of vailable VLCCs in the second-hand market and supported elevated price levels.
According to shipbroking sources, the Sinokor–MSC buying spree is widely seen as a key driver behind the continued appreciation of large tanker values.
Source: Naftemporiki