Topic
vintage
Logistics Velos Tankers Nets $33 Million Profit on Sale of Vintage Aframax Velos Emerald
Greek owner Velos Tankers has sold the 2008-built aframax Velos Emerald for $50m, generating a $33m profit over its purchase price five years ago. The sale underscores the current tanker asset boom, with the vessel having been heavily involved in Russian oil trades.
E-Commerce & Marketplaces Etsy Is In Its Flop Era, and Sellers Are Fleeing
Longtime Etsy sellers are leaving the platform in droves due to an influx of AI-generated art and drop-shipped goods, which have caused sales to plummet by up to 98% for some vendors. In response, a new crafts marketplace called Fybe will launch on August 1, explicitly banning AI and drop-shipping.
Logistics BW LPG India Sells Vintage VLGC for $36M Gain as Secondhand Values Remain Strong
BW LPG India, a 52%-owned subsidiary of BW LPG, has sold the 2007-built VLGC BW Elm to an undisclosed buyer for net cash proceeds of about $64m, generating a net book gain of approximately $36m. The sale capitalizes on strong secondhand values and comes on the heels of an eight-vessel newbuilding order at HD Hyundai Heavy Industries. The transaction underscores a broader fleet renewal strategy as the company reshapes its presence in India.
Logistics Ovkianvance Port acquires vintage non-sanctioned VLCC Takai in muted S&P market
Tanker sale and purchase activity remains subdued this month. Hong Kong-based Ovkianvance Port has acquired the 299,000 dwt VLCC Eclat, now renamed Takai, for an estimated $52 million. The vintage non-sanctioned vessel, built in 2004, is now trading under the Sierra Leone flag.
Manufacturing Kodak Charmera Millennium Edition Launches with Y2K Colorways and Photo Filters
The Kodak Charmera returns in a 'Millennium Edition' with six new Y2K-inspired colorways, additional photo filters and frames, and a limited silver edition. It retains the same 35mm f/2.4 lens and 1/4-inch CMOS sensor, priced at $34.99 in a blind box. The original sold out in a single day in November 2025.