This Shipping Giant Ups Tanker Bet With LR2/Aframax Trio

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Oslo-listed ADS Maritime Holding continues to press ahead with investment opportunities in the tanker sector, having signed up for a stake in three LR2/aframax vessels, reports Splash247.

About the deal

The Terje Bodin Larsen-led firm said it had subscribed for a 20% stake in an unnamed trio and would act as disponent owner and commercial manager in a sale-leaseback deal with the sellers.

The transaction, which should be finalised shortly, follows a move to raise around $10m via a private placement to back investments involving Chinese-built secondhand tankers and two LNG carriers under construction.

With bets already in VLCC, MR and shuttle tanker segments, ADS said the LR2/aframax trio will enter into three-year firm bareboat charters commencing from delivery end of August 2022, with two one-year options to extend.

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Source: Splash247

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