The Russian shipowner PRISCO Corp sold its two bulk carrier to the Greek company Navious at total price of 42 million USD. The two vessel PRISCO UDOKAN (IMO:9558907) and PRISCO ABAKAN (IMO:9558892) are sister ships, built in 2009 in the South Korean shipyard Stx Offshore & Shipbuilding. The both bulk carriers have length of 190.00 m, beam of 32.00 m and depth of 10.50 m. The deadweight of the vessels are 57,334 DWT each and the gross tonnage is 33,218 GRT each. The deal is part from the big renovation and restructure of the company, which PRISCO Corp started last year with selling six aframax ships to its rival SCF (Sovcomflot). The company lost the competition for carrying Russian crude oil and lost a lot of its contracts, so during the financial crisis PRISCO Corp was in front of bankruptcy with increasing debts and low value of cargo carried. To survive, the company planned to decrease the value of its fleet and to sale the ships, which are not profitable enough and to pay more attention in tankers management, which are the main specialization of the company.
After the sale PRISCO Corp has total 12 oil tankers and 1 chemical tanker, such as a few vessels from joint venture companies with PRISCO participation.