Investment outfit Oaktree Capital Management has let go of one of a product tanker, selling the 13,200 dwt Mountain Oak to PetroVietnam for $10.7m. This is the third unit of a trio of similar aged 13,200 dwt tankers Oaktree has sold since 2016.
The purchase by the state-owned Vietnamese company ends a one year halt in the elderly tanker specialist’s buying history.