Source: Metrostar Management
According to shipping news from the shipping industry, Metrostar Management (hereinafter referred to as “Metrostar”), led by Theodore Angelopoulos, has re-entered the Suezmax tanker segment after selling two modern Suezmax tankers last year, while continuing to advance its fleet diversification strategy.
Information on the official website shows that the Greek shipping company has acquired the “Metro Moon” (formerly “Fairway”), a 160,250 dwt vessel built in 2013.
Shipbroking sources reported in late 2025 that the vessel was sold at the time for approximately $44.5 million, but the deal ultimately fell through. In January 2026, the vessel was put back on the market with an asking price of around $53 million; a month later, it changed hands at a higher price of $56 million.
It is understood that in October last year, Metrostar formally exited the Suezmax segment by selling its last two Suezmax tankers. The buyer was fellow Greek shipowner Delta Tankers, with the entire transaction valued at approximately $156 million.
Founded in 1996, Metrostar is known for its strategic asset operations in the tanker market, often selling newbuildings at high premiums. In addition to the recently acquired “Metro Moon,” Metrostar Management currently owns and operates six LR1 and LR2 tankers. Earlier this year, the company also acquired three feeder container vessels built in 2008, officially entering the container ship sector.
In recent months, the ordering of new Suezmax tankers has continued to heat up, while second-hand vessel trading has remained relatively moderate. Greek shipbroker Allied Shipbroking estimates that a five-year-old second-hand Suezmax tanker is currently valued at approximately $92 million, while the price of a newbuilding is around $89 million.
According to data from Allied Shipbroking, second-hand vessel prices across all age groups have risen by up to 9% over the past month. The brokerage’s data also shows that so far this year, 27 Suezmax tankers with an average age of 12 years have changed hands, and the orderbook for new Suezmax tankers has reached 54 vessels.
