The Gotsis family controlled Eurotankers has returned to the secondhand market, divesting its second VLCC since the start of the year amid a busy month for tanker sale and purchase (S&P) activity
Eurotrader, a 2008-built, 310,391-dwt vessel, has already been renamed Celeste and is now under Chinese ownership, according to Equasis data. While pricing details have not been disclosed, Xclusiv Shipbrokers currently values a 15-year-old VLCC at around US$58M, a figure unchanged from the same period last year.
In April, the Greek owner sold another VLCC, 2007-builtEurohope, for just over US$46M. That vessel now sails as Senhub, also under Chinese control. By comparison, a 2006-built VLCC fetched US$42M last month, while an older 2003-built unit changed hands for US$37M.
According to Equasis, Eurotankers now operates a fleet of 10 tankers and bulk carriers. Following the recent sales, the company is left with two VLCCs: 2009-builtEurovictory and 2011-built Eurospirit.
Market sees increased activity
According to BRS Shipbrokers’ latest monthly report, at least eight VLCCs changed hands in June, with build years ranging from 2003 to 2018. One of the standout deals wasthe sale of Enesel’s Papalemos, reportedly sold for US$107M, a rare high-value transaction in the current VLCC market.
Allied Shipbroking reported 26 VLCCs have been sold so far this year, with an average vessel age of 17 years. By contrast, 54 VLCCs changed hands in all of 2024, with a younger average age of 13 years.
In the broader tanker market, Q2 2025 has been the busiest quarter since Q3 2024. BRS Shipbrokers counted 144 tanker transactions, up from 113 in Q1 2025, and higher than the 131 recorded in the final quarter of 2024.
