Singapore’s MTM Group has bought two product tankers from UK’s Union Maritime in an enbloc deal.
According to Banchero Costa, MTM acquired the two 2004-built 51,000 dwt tankers Lincoln and Chase for a price of $11m each.
The acquisition follows MTM’s acquisition of the 2004-built 51,300 dwt tanker Energy Protector from Enterprises Shipping and Trading in September.
MTM Group currently owns a fleet of 37 vessels made up of 14 bulkers and 23 tankers, with another two on order at Shin Kurushima.
