In early 1952 with freight rates rising as a result of the Korean War, the Hadley Shipping Company took advantage of the market to sell their liberty ship Cerinthus for £580,000 to Gouldandris, securing a handy £135,000 profit on her purchase price. These funds enabled Hadleys to embark on a venture with Anglo-Saxon Petroleum and under the “Sale & Charter-back” programme they took over a new-building contract with Harland & Wolff where a trio of “H” Class tankers were being built, Harpa,  Harvella  and ship 1470 as then un-named but later to become Cerinthus, entering service in 1954 with a with a 5 year charter to Shell Tankers as Anglo-Saxon had by that time been restyled. It was not possible to obtain a fixed price contract at that time with the yard, but the delivered price would have been about £1,200,000 and the 5 years charter was at £1-5s-0d (£1.25) per ton per month.  

 

The Cerinthus was sold for demolition in 1976, arriving at Faslane on 23 July, an elderly but much loved lady.