With the Christmas and year-end party season in full swing, activity in the sale and purchase market is slowing, although there is no evidence that price expectations have yet taken a hit. No single deal has made headlines over the last week, except perhaps the financial transaction which saw Vanship's nine-ship VLCC fleet, all with long charters attached, sold to a new company called Energy Infrastructure Acquisition Corporation for $778M. Fred Cheng and Vanship will hold 39.4% of the new ownership venture, which will be listed in the US.
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