Airline chief Stelios Haji-Ioannou
's tanker company Stelmar has agreed to pay $212.5 million for the bulk of the clean tanker fleet of Singapore
-listed Osprey Maritime, Reuters reported
on Wednesday. Neither company was able to comment.
Brokers said Stelmar, set up in 1992 by Haji-Ioannou, owner of cut price airline easy
Jet, will take four double-hulled 1990s-built tankers of 46,000 tons and six slightly older and smaller single-hulled vessels in a deal that will double Stelmar's fleet size. The deal is subject to final Stelmar board
approval, they added.
A spokesman at Stelmar's Greek office said that because it was seeking a stock market listing, the company was prevented from commenting. Osprey company officials were unavailable for comment. U.S. tanker operator OMI Corp s
aid on Tuesday that it had agreed to buy Osprey's other three single-hulled 30,000 ton vessels for $41.25 million. OMI said it would pay for the ships with $18.55 million in shares and the remainder in cash.
OMI President and CEO Craig Stevenson said
, "The three ships represent high quality tonnage in one of our strategic ship classes. We are obtaining them during a strong product market, making the transaction highly accretive to earnings immediately." Shipping magnate John Fredriksen, whose World Shipholding Group now holds a 91 percent stake in Osprey, announced in late December that he planned to sell off all Osprey's clean tankers to generate cash to invest in gas carriers. - (Reuters)