Alba Tankers snaps up Norstar product tanker –

Sweden’s Alba Tankers has added to its fleet with the acquisition of a product tanker from Singapore’s Norstar Shipping, Splash understands.

Brokers are reporting that Alba has paid $7.9m for 2008-built 11,500 dwt oil/chemical tanker Norstar Biscay. The price is in excess of the $6.56m value placed on the ship by VesselsValue, however the tanker has just completed a special survey and has a ballast water treatment system fitted.

The acquisition takes Alba’s owned fleet to eight tankers according to VesselsValue, while Alba’s website shows it currently operates a fleet of 16 vessels excluding this latest acquisition.

Norstar acquired Norstar Biscay in 2014 for around $10m.

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