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KTB Asset Management funds three Teekay tankers

South Korea’s private equity firm KTB Asset Management has today launched a fund worth around $30m to invest in three newbuild shuttle tankers for Teekay Tankers as part of efforts to accelerate the revival of local shipbuilders.

The three 155,000 dwt tankers are currently being built by Samsung Heavy Industries. The investment period is five years.

The fund has been launched as part of the Korean government’s Ocean Value-up Fund Program led by state-run Korea Development Bank to revitalise the struggling shipbuilding industry.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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