Oaktree sells product tanker to PetroVietnam

Oaktree sells product tanker to PetroVietnam

Investment outfit Oaktree Capital Management has let go of one of a product tanker, selling the 13,200 dwt Mountain Oak to PetroVietnam for $10.7m. This is the third unit of a trio of similar aged 13,200 dwt tankers Oaktree has sold since 2016.

The purchase by the state-owned Vietnamese company ends a one year halt in the elderly tanker specialist’s buying history.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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