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August 2022 Review

Tim Hartnoll-led private equity venture HICO Investment Group bought Bengal Tiger Line (BTL) as well as acquiring a majority shareholding in Caribbean Feeder Service in the latest chapter of container consolidation. No price has been revealed for the acquisitions by the Hartnoll family, who also own feeder giant X-Press Feeders.

Tanker rates soared with even VLCCs, which have been losing money all year, turning highly profitable. Asset prices leapt as rates spiked. US Gulf oil ...

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