Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Exclusive: Knock Nevis's new owner revealed

Exclusive: Knock Nevis's new owner revealed

Ho Chi Minh City: Seatrade Asia Online can finally reveal the identity of the Asian company behind the purchase of the world's largest ship.
When Fred. Olsen sold the 565,000 dwt Knock Nevis FSO late last month, the identity of the buyer remained shrouded in mystery, with most reports citing merely 'Asian buyers'. The former ULCC Jahre Viking has been sold to Amber Development Corporation, an Indian firm, and will be scrapped in the new year, according to well placed sources in China.
The new managers of the ship, Prayati Shipping, are now sourcing crew ahead of the giant vessel's last journey.
There has never been a ship to compare with the Knock Nevis. Built in 1979, the ship is 150ft longer than the Empire State Building is high. It nearly came a cropper in the first Gulf War with a missile passing very close to its enormous hull. Allegedly, it was so large that it never sailed with a full load of oil. In 2004 it was bought and converted into an FSO for a reported price of $22m. It is now headed most likely for the beaches of India on its final voyage.  [09/12/09]


Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg