Ancora swoops for Teekay product tanker

Ancora Investment Trust has acquired 2007-built MR1 product tanker Alexander Spirit from Teekay LNG Partners, multiple brokers report.

The Greek MR product tanker specialist has paid $11.5m for the tanker according to both Seasure Shipbroking and Advanced Shipping & Trading, a price significantly cheaper than the $12.6m valuation of the ship by VesselsValue.

Ancora currently has a fleet of 11 MRs, and if confirmed the acquisition is the company’s first in over two years.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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