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Advantage Tankers makes products foray

Photo of Sam Chambers Sam ChambersMay 15, 2017
16 Less than a minute

Geneva-based Advantage Tankers has entered the products sector, taking a fleet of handies that were under bank control. Clarkson Research reports the Baltic Merchant, Baltic Marshall, Baltic Ambition, Baltic Faith and Baltic Force were sold for an en bloc price of $58m.

The ships – formerly part of the Clearwater Marine Investments fleet – were all built at Hyundai Mipo in 2006. The vessels are now fixed on three-year time charters.

Founded in 2014, Advantage Tankers also boasts five aframaxes and six suezmaxes.

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Photo of Sam Chambers Sam ChambersMay 15, 2017
16 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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