Aegean Shipping Cashes Out Modern Aframax Tanker for $83 Million

## Aegean Shipping Locks In $83M on Modern Aframax Sale George Melissanidis-led Aegean Shipping Management has agreed to sell its 2022-built aframax/LR2 tanker *Green Adventure* for around $83 million, according to Splash247, as Greek owners continue to monetise historically strong asset values across the tanker segment. Greek sale-and-purchase sources cited the transaction as one of the latest in a series of high-value deals for modern tanker tonnage, reflecting sustained demand from buyers willing to pay a premium for recently built, fuel-efficient vessels. ### Market Context The sale underscores the broader trend of opportunistic asset recycling among Greek shipowners, who have been active sellers throughout the current tanker market cycle. Aframax and LR2 tankers — which share the same hull design and typically range between 80,000 and 120,000 deadweight tonnes — have commanded elevated prices in recent years, driven by strong freight rates, tightening vessel supply, and robust demand for clean and dirty petroleum product transportation. A 2022-built vessel commanding $83 million reflects values that remain well above historical norms, even as some analysts have flagged potential softening in certain tanker sub-segments amid shifting trade patterns and evolving sanctions enforcement. ### Aegean's Strategic Positioning Aegean Shipping Management has been selectively trimming its fleet to capture peak asset values, a strategy widely employed by Greek owners who have long demonstrated agility in timing market entries and exits. The disposal of a vessel less than three years old signals confidence that current pricing represents a favourable exit point, or alternatively, a reallocation of capital toward other opportunities within the group. The identity of the buyer was not disclosed at the time of reporting. The transaction adds to a growing list of significant aframax and LR2 sales recorded in 2025, reinforcing the view that appetite for modern, compliant tonnage remains robust among international buyers despite broader macroeconomic uncertainties. *Source: Splash247*