Peter Bagh, Chief Operating Officer of Oldendorff Carriers said, "Oldendorff has made a strategic decision to focus on the dry cargo shipping business and is very pleased to have found a good new home for Eships and its employees with Tristar through ADIB.
EShips has now sold three tankers this year, bringing in a combined total of $23.
7million each, making them the most expensive vessels in the EShips fleet.
The man was hurt aboard the 120-ft long, 6,000-tonne chemical tanker Eships Quest while travelling from Barry in South Wales to Denmark.
With the completion of the agreement, Mubadala has sold all of their shares in Emirates Ship Investment Company, to Oldendorff, and established a joint venture subsidiary, Eships Oldendorff Logistics (EOL) to pursue long term dry bulk freight contracts.
ARRIVALS Today: Donizetti, Antwerp; EShips Quest, Tjeldbergodden.
As a scheduled part of the transaction, Tristar has purchased all of the Eships ships comprising chemical/product tankers and LPG tankers.
This acquisition of ESHIPS and the new building programme, as well as its existing coastal fleet, will bring the Tristar-owned shipping fleet to over 20 vessels.