SEYPEC Sells Tanker Seychelles Progress - Fleet Renewal Moves Ahead

Victoria, Mahé, 02 October 2026 

The Seychelles Petroleum Company Limited (SEYPEC) has completed the sale of Seychelles Progress, a long-haul tanker in its fleet, as part of its tanker fleet renewal programme. The vessel was owned and sold by Seychelles Progress Limited, a wholly owned subsidiary of SEYPEC, and formally delivered to the buyer today in Singapore. 

Commenting on the sale, SEYPEC Chief Executive Officer Captain Adrian Mondon said: 

"The sale of Seychelles Progress marks another important step in our fleet renewal programme, which began with the sale of Seychelles Pride in 2022. Seychelles Progress has served SEYPEC and the nation well, and its sale makes way for a modern and efficient fleet, strengthening our commercial position and supporting continued compliance with international safety and environmental standards.  This investment will help SEYPEC continue to deliver long-term value to Seychelles."  

Built in 2005, the Seychelles Progress (IMO No. 9298181) has a gross tonnage of 22,346 and a net tonnage of 10,928. The vessel has served SEYPEC's long-haul operations for close to two decades. 

The sale is part of SEYPEC's tanker fleet renewal strategy, approved by the SEYPEC Board of Directors and the Seychelles Cabinet of Ministers The strategy provides for the phased sale of existing tankers and their replacement with newer vessels. Construction of the two new 41,000 DWT tankers is nearly complete at Xiamen Shipbuilding Industry Co. Ltd. in China with the first vessel due to be delivered to SEYPEC by the end of this year.