Famous VLCC sold for ninth time
Alter Ego Tanker Changes Hands Amid VLCC Surge
The 300,000 dwt tanker Alter Ego has been sold for the ninth time in its 19-year history, reflecting the current bullish trend in the Very Large Crude Carrier (VLCC) market. Greek company Cavalli Marine has reportedly sold the vessel to Chinese buyers for approximately $42 million, securing an estimated profit of $3 million, not including any earnings from chartering. This transaction underscores the rising demand for VLCCs driven by tight shipping capacity and geopolitical tensions.
Alter Ego’s Colorful History and Recent Sale
Originally named Yale, the Alter Ego was built at Nantong COSCO KHI and has a rich trading history. Cavalli Marine acquired the tanker from Turkey’s Varan Maritime in late 2023, at which point it was renamed. Since April 2025, NGM Energy, closely associated with Cavalli Marine, has served as the commercial operator of the vessel.
South Korea and China Battle for Hapag-Lloyd’s $5.4 Billion Container Ship Contract
The Alter Ego has made headlines throughout its career, notably for its voyages to countries like Iran and Venezuela. In 2008, the ship was sold by Nobu Su’s TMT to India’s Mercator for a staggering $170 million, marking one of the highest sales ever recorded for a VLCC. This latest sale further emphasizes the vessel’s storied past and the ongoing strength of the VLCC market, as demand continues to rise amid global shipping challenges.
